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SBA 7(a)Charged Off

EF Hugh Foods, Inc.

Thornwood, NYReadycap Lending, LLCBaked Goods Stores · NAICS 445291
APPROVAL AMOUNT
$271,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2008-11-11
6.75% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$3,499
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$85,878
over 8.5 yrs
TOTAL REPAID
$356,878

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
Baked Goods Stores · NAICS 445291
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Charged Off
Thornwood, NY 10594

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