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SBA 7(a)Committed, not yet disbursed

ES LAUNDRY LLC

CAMDEN, NJWells Fargo Bank National AssociationCoin-Operated Laundries and Drycleaners · NAICS 812310
APPROVAL AMOUNT
$982,400
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-29
6.7% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$11,255
AT RATE
6.7%
recorded at approval
TOTAL INTEREST
$368,222
over 10 yrs
TOTAL REPAID
$1,350,622

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
CAMDEN, NJ 08104
INDUSTRY
Coin-Operated Laundries and Drycleaners · NAICS 812310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.7%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
CAMDEN, NJ 08104

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