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SBA 7(a)Committed, not yet disbursed

FIRST HAND MANAGEMENT RESOURCES LLC

NEW ROCHELLE, NYManufacturers and Traders Trust CompanyEmployment Placement Agencies · NAICS 561311
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-09-09
13% rate
JOBS SUPPORTED
82
Borrower-reported

Estimated monthly payment

MONTHLY
$3,733
AT RATE
13%
recorded at approval
TOTAL INTEREST
$197,932
over 10 yrs
TOTAL REPAID
$447,932

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
Employment Placement Agencies · NAICS 561311
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
13%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
16
NEW ROCHELLE, NY 10801

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