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SBA 7(a)Paid in Full

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Airmont, NYFirst National Bank of Pennsylvania"Beer, Wine, and Liquor Stores" · NAICS 445310
APPROVAL AMOUNT
$389,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-02-05
6.25% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$4,266
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$140,020
over 10.3 yrs
TOTAL REPAID
$529,020

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 10901
INDUSTRY
"Beer, Wine, and Liquor Stores" · NAICS 445310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Paid in Full
Airmont, NY 10901

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