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SBA 7(a)Paid in Full

230 Westcott Property, Ltd.

Houston, TXEnterprise Bank & TrustMortgage and Nonmortgage Loan Brokers · NAICS 522310
APPROVAL AMOUNT
$3,182,600
PROGRAM
SBA 7(a)
25 years term
APPROVED
2013-07-25
5.5% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$19,544
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$2,680,585
over 25 yrs
TOTAL REPAID
$5,863,185

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
Houston, TX 77007
INDUSTRY
Mortgage and Nonmortgage Loan Brokers · NAICS 522310
BUSINESS STRUCTURE
Partnership
LOAN TERM
25 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
Houston, TX 77007

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