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SBA 7(a)Active, details exempt

MICHAEL S BROWN PHYSICAL THERAPY PC

WEST HEMPSTEAD, NYNewtek Small Business Finance, Inc.Offices of Physical, Occupational and Speech Therapists, and Audiologists · NAICS 621340
APPROVAL AMOUNT
$393,000
PROGRAM
SBA 7(a)
3 years term
APPROVED
2018-01-19
7.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$13,172
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$41,660
over 2.8 yrs
TOTAL REPAID
$434,660

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
WEST HEMPSTEAD, NY 11552
INDUSTRY
Offices of Physical, Occupational and Speech Therapists, and Audiologists · NAICS 621340
BUSINESS STRUCTURE
Corporation
LOAN TERM
3 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
WEST HEMPSTEAD, NY 11552

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