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SBA 7(a)Committed, not yet disbursed

Montgomery Eldercare LLC.

SILVER SPRING, MDReadycap Lending, LLCAssisted Living Facilities for the Elderly · NAICS 623312
APPROVAL AMOUNT
$3,000,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-05
8.25% rate
JOBS SUPPORTED
19
Borrower-reported

Estimated monthly payment

MONTHLY
$23,654
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$4,096,051
over 25 yrs
TOTAL REPAID
$7,096,051

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
SILVER SPRING, MD 20905
INDUSTRY
Assisted Living Facilities for the Elderly · NAICS 623312
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
SILVER SPRING, MD 20905

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