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SBA 7(a)Active, details exempt

360 Innovations LLC

RICHARDSON, TXMidwest Regional BankRoofing Contractors · NAICS 238160
APPROVAL AMOUNT
$2,011,000
PROGRAM
SBA 7(a)
22 years term
APPROVED
2019-06-20
8.25% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$16,602
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$2,322,246
over 21.8 yrs
TOTAL REPAID
$4,333,246

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
RICHARDSON, TX 75080
INDUSTRY
Roofing Contractors · NAICS 238160
BUSINESS STRUCTURE
Individual
LOAN TERM
22 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
RICHARDSON, TX 75080

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