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SBA 7(a)Active, details exempt

OPTEEL INC.

AIRMONT, NYWebster Bank National AssociationCosmetics, Beauty Supplies, and Perfume Retailers · NAICS 456120
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-03-18
8.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$6,133
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$235,916
over 10 yrs
TOTAL REPAID
$735,916

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
AIRMONT, NY 10952
INDUSTRY
Cosmetics, Beauty Supplies, and Perfume Retailers · NAICS 456120
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
17
AIRMONT, NY 10952

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