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SBA 7(a)Committed, not yet disbursed

ABC Kidstime Inc.

LAUREL, MDOceanFirst Bank, National AssociationChild Care Services · NAICS 624410
APPROVAL AMOUNT
$700,400
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-06
8.25% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$8,591
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$330,471
over 10 yrs
TOTAL REPAID
$1,030,871

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
LAUREL, MD 20707
INDUSTRY
Child Care Services · NAICS 624410
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
LAUREL, MD 20707

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