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SBA 7(a)Committed, not yet disbursed

ALCHEMY MACHINING LLC

CROWN POINT, INFirst Merchants BankMachine Shops · NAICS 332710
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-16
10.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$682
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$31,803
over 10 yrs
TOTAL REPAID
$81,803

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
CROWN POINT, IN 46307
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
CROWN POINT, IN 46307

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