SBA 7(a)Committed, not yet disbursed

REI Auto Inc.

STATEN ISLAND, NYCIBC Bank USAAutomotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

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APPROVAL AMOUNT

$845,100

PROGRAM

SBA 7(a)

10 years term

APPROVED

2025-09-24

9.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$10,935

AT RATE

9.5%

recorded at approval

TOTAL INTEREST

$467,147

over 10 yrs

TOTAL REPAID

$1,312,247

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

STATEN ISLAND, NY 10302

INDUSTRY

Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

9.5%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

STATEN ISLAND, NY 10302

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