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SBA 7(a)Committed, not yet disbursed

Seacrest Recovery Center Detox of Ohio, LLC

WESTERVILLE, OHNewtek Bank, National AssociationResidential Mental Health and Substance Abuse Facilities · NAICS 623220
APPROVAL AMOUNT
$3,600,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2026-06-08
9.75% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$31,887
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$6,221,345
over 25.7 yrs
TOTAL REPAID
$9,821,345

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
WESTERVILLE, OH 43081
INDUSTRY
Residential Mental Health and Substance Abuse Facilities · NAICS 623220
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
WESTERVILLE, OH 43081

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