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SBA 7(a)Committed, not yet disbursed

BECK CHEVROLET CO., INC

YONKERS, NYNewtek Bank, National AssociationNew Car Dealers · NAICS 441110
APPROVAL AMOUNT
$750,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-15
9.75% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$9,808
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$426,932
over 10 yrs
TOTAL REPAID
$1,176,932

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
YONKERS, NY 10704
INDUSTRY
New Car Dealers · NAICS 441110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
16
YONKERS, NY 10704

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