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SBA 7(a)Current

MDC Ascends, LLC

Greenlawn, NYDime Community BankFine Arts Schools · NAICS 611610
APPROVAL AMOUNT
$170,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-11-09
11.5% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$2,390
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$116,815
over 10 yrs
TOTAL REPAID
$286,815

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
Greenlawn, NY 11740
INDUSTRY
Fine Arts Schools · NAICS 611610
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Current
Greenlawn, NY 11740

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