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SBA 7(a)Committed, not yet disbursed

GREAT WAX CLUB INC.

WEST HEMPSTEAD, NYJPMorgan Chase Bank, National AssociationBeauty Salons · NAICS 812112
APPROVAL AMOUNT
$60,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-01-05
11.7% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$850
AT RATE
11.7%
recorded at approval
TOTAL INTEREST
$42,054
over 10 yrs
TOTAL REPAID
$102,054

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
WEST HEMPSTEAD, NY 11552
INDUSTRY
Beauty Salons · NAICS 812112
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.7%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
WEST HEMPSTEAD, NY 11552

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