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SBA 7(a)Active, details exempt

1999

COLUMBIA, MDNewtek Small Business Finance, Inc.Custom Architectural Woodwork and Millwork Manufacturing · NAICS 337212
APPROVAL AMOUNT
$1,460,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2018-05-25
7.5% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$18,878
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$541,034
over 8.8 yrs
TOTAL REPAID
$2,001,034

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
COLUMBIA, MD 21046
INDUSTRY
Custom Architectural Woodwork and Millwork Manufacturing · NAICS 337212
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
COLUMBIA, MD 21046

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