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SBA 7(a)Current

DURO ELECTRICAL CONTRACTING CORP.

Thornwood, NYManufacturers and Traders Trust CompanyElectrical Contractors · NAICS 238210
APPROVAL AMOUNT
$200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-09-03
12% rate
JOBS SUPPORTED
29
Borrower-reported

Estimated monthly payment

MONTHLY
$2,869
AT RATE
12%
recorded at approval
TOTAL INTEREST
$144,330
over 10 yrs
TOTAL REPAID
$344,330

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
Electrical Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
12%
LOAN STATUS
Current
Thornwood, NY 10594

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