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SBA 7(a)Active, details exempt

R & H Hotel Management LLC

HUNTINGTON, NYDime Commercial BankHotels (except Casino Hotels) and Motels · NAICS 721110
APPROVAL AMOUNT
$900,000
PROGRAM
SBA 7(a)
21 years term
APPROVED
2017-10-06
6.75% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$6,714
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$778,610
over 20.8 yrs
TOTAL REPAID
$1,678,610

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
HUNTINGTON, NY 11743
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
21 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
HUNTINGTON, NY 11743

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