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SBA 7(a)Active, details exempt

21STCENTED

OREM, UTNewtek Bank, National AssociationEducational Support Services · NAICS 611710
APPROVAL AMOUNT
$1,200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-03-09
9.75% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$15,692
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$683,091
over 10 yrs
TOTAL REPAID
$1,883,091

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
OREM, UT 84058
INDUSTRY
Educational Support Services · NAICS 611710
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
OREM, UT 84058

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