Linmarks Commercial Flooring Inc
Linmarks Commercial Flooring Inc, located in Nanuet, NY, operates in the floor covering retail industry (NAICS 449121). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $2,592,800 approved on May 20, 2025 through Truliant FCU.
SBA 7(a) loan, change of ownership, approved May 20, 2025
$2,592,800 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,592,800
- SBA-guaranteed amount
- $1,944,600 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $34,264 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Rockland County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- 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.
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Same industry in New York
- Genrose New York LLC, Far Rockaway aka Queens