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SBA 7(a)Cancelled

Triumph Over Trauma

WARRENSVILLE HEIGHTS, OHNewtek Bank, National AssociationOutpatient Mental Health and Substance Abuse Centers · NAICS 621420
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-07
9.75% rate
JOBS SUPPORTED
50
Borrower-reported

Estimated monthly payment

MONTHLY
$1,962
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$85,386
over 10 yrs
TOTAL REPAID
$235,386

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
WARRENSVILLE HEIGHTS, OH 44128
INDUSTRY
Outpatient Mental Health and Substance Abuse Centers · NAICS 621420
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Cancelled
CONGRESSIONAL DIST.
11
WARRENSVILLE HEIGHTS, OH 44128

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