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SBA 7(a)Committed, not yet disbursed

Firefly Tutoring Center Inc.

SCHAUMBURG, ILVelocitySBA, LLCElementary and Secondary Schools · NAICS 611110
APPROVAL AMOUNT
$1,495,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-02-25
9% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$12,492
AT RATE
9%
recorded at approval
TOTAL INTEREST
$2,314,910
over 25.4 yrs
TOTAL REPAID
$3,809,910

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
SCHAUMBURG, IL 60193
INDUSTRY
Elementary and Secondary Schools · NAICS 611110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
SCHAUMBURG, IL 60193

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