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SBA 7(a)Active, details exempt

3rd Gen Machine, Inc

LOGAN, UTCache Valley BankMachine Shops · NAICS 332710
APPROVAL AMOUNT
$1,000,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2020-11-04
5.75% rate
JOBS SUPPORTED
80
Borrower-reported

Estimated monthly payment

MONTHLY
$14,925
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$208,949
over 6.8 yrs
TOTAL REPAID
$1,208,949

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
LOGAN, UT 84341
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
LOGAN, UT 84341

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