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SBA 7(a)Charged Off

Lin Hsin Co., Inc.

Thornwood, NYJPMorgan Chase Bank, National AssociationLimited-Service Restaurants · NAICS 722211
APPROVAL AMOUNT
$306,200
PROGRAM
SBA 7(a)
3 years term
APPROVED
2008-10-29
8% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$10,657
AT RATE
8%
recorded at approval
TOTAL INTEREST
$34,837
over 2.7 yrs
TOTAL REPAID
$341,037

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
Limited-Service Restaurants · NAICS 722211
BUSINESS STRUCTURE
Corporation
LOAN TERM
3 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Charged Off
Thornwood, NY 10594

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