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SBA 7(a)Current

2415 Honolulu Ave, LLC

Montrose, CAWells Fargo Bank National AssociationMusical Instrument and Supplies Stores · NAICS 451140
APPROVAL AMOUNT
$1,000,000
PROGRAM
SBA 7(a)
22 years term
APPROVED
2009-10-19
5.25% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$6,447
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$676,285
over 21.7 yrs
TOTAL REPAID
$1,676,285

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
Montrose, CA 91020
INDUSTRY
Musical Instrument and Supplies Stores · NAICS 451140
BUSINESS STRUCTURE
Corporation
LOAN TERM
22 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Current
Montrose, CA 91020

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