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SBA 7(a)Committed, not yet disbursed

Room 307 Holdings LLC

NEW YORK, NYOceanFirst Bank, National AssociationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$574,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-02-26
9.75% rate
JOBS SUPPORTED
26
Borrower-reported

Estimated monthly payment

MONTHLY
$7,295
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$345,231
over 10.5 yrs
TOTAL REPAID
$919,231

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
NEW YORK, NY 10024
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
10
NEW YORK, NY 10024

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