Genuine Products Supply LLC
Genuine Products Supply LLC is a business in Bloomingburg, New York, classified as All Other General Merchandise Retailers. The company financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,685,000 approved through the Empire State Certified Development Corporation and Wells Fargo Bank National Association, with approval dated December 5, 2024.
SBA 504 loan, approved Dec 5, 2024
- SBA (CDC) portion
- $1,685,000
- Bank portion
- $2,053,750
- Estimated project size
- $4,154,167 (estimated)
- Estimated owner equity
- $415,417 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 5, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Sullivan County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 59% of expansion loans in All Other General Merchandise Retailers on this site.
- Average expansion loan in All Other General Merchandise Retailers: $2,003,182.
- Average expansion loan in New York: $2,225,161.
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.
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