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SBA 7(a)Paid in Full

Rising Leaders Child Development Center LLC

GAITHERSBURG, MDManufacturers and Traders Trust CompanyChild Care Services · NAICS 624410
APPROVAL AMOUNT
$725,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-15
11.5% rate
JOBS SUPPORTED
27
Borrower-reported

Estimated monthly payment

MONTHLY
$10,193
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$498,180
over 10 yrs
TOTAL REPAID
$1,223,180

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
GAITHERSBURG, MD 20882
INDUSTRY
Child Care Services · NAICS 624410
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
GAITHERSBURG, MD 20882

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