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SBA 7(a)Committed, not yet disbursed

Reliable Voice & Data Systems, Inc.

EAST MEADOW, NYCitibank, N.A.Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
APPROVAL AMOUNT
$100,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2026-06-17
9% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$1,609
AT RATE
9%
recorded at approval
TOTAL INTEREST
$35,148
over 7 yrs
TOTAL REPAID
$135,148

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
EAST MEADOW, NY 11554
INDUSTRY
Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
04
EAST MEADOW, NY 11554

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