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SBA 7(a)Active, details exempt

Hair on Hudson Academy, Inc.

POUGHKEEPSIE, NYNYBDC Local Development Corporation dba Pursuit Community FinanceCosmetology and Barber Schools · NAICS 611511
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
14 years term
APPROVED
2020-12-31
7.25% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$2,349
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$151,682
over 14.3 yrs
TOTAL REPAID
$401,682

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
POUGHKEEPSIE, NY 12601
INDUSTRY
Cosmetology and Barber Schools · NAICS 611511
BUSINESS STRUCTURE
Corporation
LOAN TERM
14 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
18
POUGHKEEPSIE, NY 12601

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