SBA 7(a)Current

IDEAL FURNITURE RENTAL & SALES INC

Roslyn Heights, NYNewtek Small Business Finance, Inc.All Other Consumer Goods Rental · NAICS 532299

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APPROVAL AMOUNT

$350,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2022-05-03

6.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$3,930

AT RATE

6.25%

recorded at approval

TOTAL INTEREST

$121,576

over 10 yrs

TOTAL REPAID

$471,576

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

Roslyn Heights, NY 11577

INDUSTRY

All Other Consumer Goods Rental · NAICS 532299

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

6.25%

LOAN STATUS

Current

Roslyn Heights, NY 11577

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