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SBA 7(a)DEFERD

I TRADE TECHNOLOGY, LTD.

Airmont, NYCross River BankElectronic Shopping and Mail-Order Houses · NAICS 454110
APPROVAL AMOUNT
$850,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2017-08-25
5.5% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$9,225
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$256,968
over 10 yrs
TOTAL REPAID
$1,106,968

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
Airmont, NY 10952
INDUSTRY
Electronic Shopping and Mail-Order Houses · NAICS 454110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
DEFERD
Airmont, NY 10952

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