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SBA 7(a)Active, details exempt

GBGH BAKERY INC

EAST SETAUKET, NYDime Commercial BankCaterers · NAICS 722320
APPROVAL AMOUNT
$270,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2018-01-16
7% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$4,503
AT RATE
7%
recorded at approval
TOTAL INTEREST
$63,229
over 6.2 yrs
TOTAL REPAID
$333,229

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
EAST SETAUKET, NY 11733
INDUSTRY
Caterers · NAICS 722320
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
EAST SETAUKET, NY 11733

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