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SBA 7(a)Paid in Full

Pilates 83, LLC

WEST HEMPSTEAD, NYSimmons BankFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$349,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2018-08-08
7.5% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$4,143
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$148,123
over 10 yrs
TOTAL REPAID
$497,123

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
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
WEST HEMPSTEAD, NY 11552

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