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SBA 7(a)Active, details exempt

AIR MANAGEMENT INDUSTRIES INCORPORATED

RANCHO CUCAMONGA, CAMission Valley BankCommercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance · NAICS 811310
APPROVAL AMOUNT
$1,822,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-09-09
5.5% rate
JOBS SUPPORTED
35
Borrower-reported

Estimated monthly payment

MONTHLY
$19,773
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$550,819
over 10 yrs
TOTAL REPAID
$2,372,819

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
RANCHO CUCAMONGA, CA 91730
INDUSTRY
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance · NAICS 811310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
31
RANCHO CUCAMONGA, CA 91730

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