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SBA 7(a)Active, details exempt

Angela Renik Insurance Agency LLC

ELMHURST, ILUnited Midwest Savings Bank National AssociationInsurance Agencies and Brokerages · NAICS 524210
APPROVAL AMOUNT
$342,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-08
9.5% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$4,425
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$189,048
over 10 yrs
TOTAL REPAID
$531,048

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
ELMHURST, IL 60126
INDUSTRY
Insurance Agencies and Brokerages · NAICS 524210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
ELMHURST, IL 60126

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