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SBA 7(a)Charged Off

HAMMER TIME HANDYMAN, LLC

THORNWOOD, NYTD Bank, National AssociationResidential Remodelers · NAICS 236118
APPROVAL AMOUNT
$98,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-06-19
8% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$1,189
AT RATE
8%
recorded at approval
TOTAL INTEREST
$44,681
over 10 yrs
TOTAL REPAID
$142,681

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
THORNWOOD, NY 10594
INDUSTRY
Residential Remodelers · NAICS 236118
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Charged Off
CONGRESSIONAL DIST.
17
THORNWOOD, NY 10594

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