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SBA 7(a)Active, details exempt

274 Construction Group, Inc.

WILMINGTON, NCNewtek Small Business Finance, Inc.Other Heavy and Civil Engineering Construction · NAICS 237990
APPROVAL AMOUNT
$1,850,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2021-03-10
6% rate
JOBS SUPPORTED
43
Borrower-reported

Estimated monthly payment

MONTHLY
$29,971
AT RATE
6%
recorded at approval
TOTAL INTEREST
$367,876
over 6.2 yrs
TOTAL REPAID
$2,217,876

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
WILMINGTON, NC 28412
INDUSTRY
Other Heavy and Civil Engineering Construction · NAICS 237990
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
WILMINGTON, NC 28412

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