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SBA 7(a)Active, details exempt

03/22/2004

SILVER SPRING, MDMetro City BankFinancial Transactions Processing, Reserve, and Clearinghouse Activities · NAICS 522320
APPROVAL AMOUNT
$2,745,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-08-09
6.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$18,534
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$2,815,331
over 25 yrs
TOTAL REPAID
$5,560,331

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
SILVER SPRING, MD 20902
INDUSTRY
Financial Transactions Processing, Reserve, and Clearinghouse Activities · NAICS 522320
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
SILVER SPRING, MD 20902

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