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SBA 7(a)Active, details exempt

Aram Amalfi Inc

VAN NUYS, CAFirst Internet Bank of IndianaOther Building Material Dealers · NAICS 444180
APPROVAL AMOUNT
$2,123,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2023-09-22
11.25% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$31,865
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$1,222,814
over 8.8 yrs
TOTAL REPAID
$3,345,814

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
VAN NUYS, CA 91406
INDUSTRY
Other Building Material Dealers · NAICS 444180
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
29
VAN NUYS, CA 91406

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