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SBA 7(a)Current

Scoop Local LLC

Greenlawn, NYDime Community BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$373,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2024-07-30
11.5% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$5,111
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$271,039
over 10.5 yrs
TOTAL REPAID
$644,039

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
Greenlawn, NY 11740
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Current
Greenlawn, NY 11740

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