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SBA 7(a)Paid in Full

Hudson Valley Subs II Inc.

POUGHKEEPSIE, NYNew York Business Development CorporationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$365,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-03-02
6% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$4,052
AT RATE
6%
recorded at approval
TOTAL INTEREST
$121,270
over 10 yrs
TOTAL REPAID
$486,270

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
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
18
POUGHKEEPSIE, NY 12601

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