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SBA 7(a)Paid in Full

884 Franklin Ave Inc

Thornwood, NYHanover Community Bank"Other Foundation, Structure, and Building Exterior Contractors" · NAICS 238190
APPROVAL AMOUNT
$524,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-02-12
7% rate
JOBS SUPPORTED
18
Borrower-reported

Estimated monthly payment

MONTHLY
$3,704
AT RATE
7%
recorded at approval
TOTAL INTEREST
$587,057
over 25 yrs
TOTAL REPAID
$1,111,057

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION
Thornwood, NY 10594
INDUSTRY
"Other Foundation, Structure, and Building Exterior Contractors" · NAICS 238190
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Paid in Full
Thornwood, NY 10594

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