Gennaro Jewelers of NY Inc.
Gennaro Jewelers of NY Inc. is a jewelry retailer in Bellmore, New York, classified under NAICS 458310 (Jewelry Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $4 million, approved on April 21, 2026, through the New York Business Development Corporation.
SBA 7(a) loan, change of ownership, approved Apr 21, 2026
$4,000,000 approvedLender: New York Business Development Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,000,000
- SBA-guaranteed amount
- $3,000,000 (75% of the approval)
- Lender
- New York Business Development Corporation, Latham, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $51,759 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 458310, Jewelry Retailers
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in Jewelry Retailers on this site.
- Average acquisition loan in Jewelry Retailers: $1,347,143.
- Average acquisition loan in New York: $1,771,512.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.