SBA 7(a)Active, details exempt

Alabama Storage Exchange

MONTGOMERY, ALCustomers BankLessors of Miniwarehouses and Self-Storage Units · NAICS 531130

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APPROVAL AMOUNT

$1,627,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2021-06-24

4.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$8,814

AT RATE

4.25%

recorded at approval

TOTAL INTEREST

$1,017,224

over 25 yrs

TOTAL REPAID

$2,644,224

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

MONTGOMERY, AL 36117

INDUSTRY

Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

4.25%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

MONTGOMERY, AL 36117

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