Main Street Registry

Grand Buy Pharmacy Inc.

Brooklyn, NY · Pharmacies and Drug Retailers · NAICS 456110

Grand Buy Pharmacy Inc. is a pharmacy and drug retailer located in Brooklyn, New York. The company financed real estate or equipment through an SBA 504 loan of $1,063,000, approved on December 18, 2024, with JPMorgan Chase Bank, National Association as the lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved Dec 18, 2024

$1,063,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,063,000
Bank portion
$1,300,000
Estimated project size
$2,625,556 (estimated)
Estimated owner equity
$262,556 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 18, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-7
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Average expansion loan in Pharmacies and Drug Retailers: $1,443,889.
  • 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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Same industry in New York