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SBA 7(a)Committed, not yet disbursed

North Country Arch Corp

LAKE PLACID, NYNBT Bank, National AssociationShoe Retailers · NAICS 458210
APPROVAL AMOUNT
$472,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-22
7.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$5,671
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$207,960
over 10 yrs
TOTAL REPAID
$680,460

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
LAKE PLACID, NY 12946
INDUSTRY
Shoe Retailers · NAICS 458210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
21
LAKE PLACID, NY 12946

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