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SBA 7(a)Paid in Full

Turf Tek USA, LLC

Greenlawn, NYManufacturers and Traders Trust CompanyLandscaping Services · NAICS 561730
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2020-01-06
5.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$4,473
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$79,384
over 8 yrs
TOTAL REPAID
$429,384

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
Landscaping Services · NAICS 561730
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
Greenlawn, NY 11740

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