Main Street Registry

Nile Ridge Pharmacy

Staten Island, NY · Pharmacies and Drug Retailers · NAICS 456110

Nile Ridge Pharmacy is a pharmacy and drug retailer in Staten Island, New York, classified under NAICS code 456110. The business financed real estate or equipment through an SBA 504 loan of $1,362,000, approved on December 28, 2023, with Truist Bank as the lender and Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Dec 28, 2023

$1,362,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,362,000
Bank portion
$1,662,500
Estimated project size
$3,360,556 (estimated)
Estimated owner equity
$336,056 (estimated, about 10% of the project)
Bank lender
Truist Bank, Charlotte, NC
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 28, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Richmond County, NY
SBA district office
New York District Office
Congressional district
NY-11
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York