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SBA 7(a)Committed, not yet disbursed

EXPRESS SERVICE LUBE CENTER LLC

NEW ROCHELLE, NYHanover Community BankAll Other Automotive Repair and Maintenance · NAICS 811198
APPROVAL AMOUNT
$427,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-16
9.5% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$5,525
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$236,033
over 10 yrs
TOTAL REPAID
$663,033

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
NEW ROCHELLE, NY 10801
INDUSTRY
All Other Automotive Repair and Maintenance · NAICS 811198
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
16
NEW ROCHELLE, NY 10801

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