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SBA 7(a)Committed, not yet disbursed

Gennaro Jewelers of NY Inc.

BELLMORE, NYNew York Business Development CorporationJewelry Retailers · NAICS 458310
APPROVAL AMOUNT
$4,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-21
9.5% rate
JOBS SUPPORTED
40
Borrower-reported

Estimated monthly payment

MONTHLY
$51,759
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$2,211,083
over 10 yrs
TOTAL REPAID
$6,211,083

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
BELLMORE, NY 11710
INDUSTRY
Jewelry Retailers · NAICS 458310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
BELLMORE, NY 11710

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