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SBA 7(a)Active, details exempt

Say Cheese E.K.P.

AIRMONT, NYReadycap Lending, LLCLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-02-09
11.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$7,382
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$297,278
over 9 yrs
TOTAL REPAID
$797,278

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
AIRMONT, NY 10952
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
17
AIRMONT, NY 10952

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