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SBA 7(a)Committed, not yet disbursed

Palm Arbor Residence of Margate LLC

MARGATE, FLGulf Coast Bank and Trust CompanyNursing Care Facilities (Skilled Nursing Facilities) · NAICS 623110
APPROVAL AMOUNT
$3,381,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-05-04
9% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$28,373
AT RATE
9%
recorded at approval
TOTAL INTEREST
$5,130,969
over 25 yrs
TOTAL REPAID
$8,511,969

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
MARGATE, FL 33063
INDUSTRY
Nursing Care Facilities (Skilled Nursing Facilities) · NAICS 623110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
22
MARGATE, FL 33063

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