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SBA 7(a)Committed, not yet disbursed

Zag USA

BROOKLYN, NYFinancial Resources Federal Credit UnionOther Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
APPROVAL AMOUNT
$1,200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-12
9% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$15,201
AT RATE
9%
recorded at approval
TOTAL INTEREST
$624,131
over 10 yrs
TOTAL REPAID
$1,824,131

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 11232
INDUSTRY
Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
07
BROOKLYN, NY 11232

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