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SBA 7(a)Committed, not yet disbursed

Jericho Tpke Property LLC

EAST NORTHPORT, NYNew Millennium BankOffices of Chiropractors · NAICS 621310
APPROVAL AMOUNT
$1,516,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-05-28
7.75% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$11,451
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$1,919,235
over 25 yrs
TOTAL REPAID
$3,435,235

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
EAST NORTHPORT, NY 11731
INDUSTRY
Offices of Chiropractors · NAICS 621310
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
EAST NORTHPORT, NY 11731

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