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SBA 7(a)Current

SKY ONE CONSTRUCTION INC

Brooklyn, NYThe Bank of PrincetonNew Multifamily Housing Construction (except Operative Builders) · NAICS 236116
APPROVAL AMOUNT
$1,785,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2017-09-01
6% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$11,501
AT RATE
6%
recorded at approval
TOTAL INTEREST
$1,665,234
over 25 yrs
TOTAL REPAID
$3,450,234

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
Brooklyn, NY 11213
INDUSTRY
New Multifamily Housing Construction (except Operative Builders) · NAICS 236116
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Current
Brooklyn, NY 11213

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