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SBA 7(a)Paid in Full

Authentic Drilling, Inc.

Kiowa, COCommunity Banks of Colorado, A Division of NBH BankOther Heavy and Civil Engineering Construction · NAICS 237990
APPROVAL AMOUNT
$1,321,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-02-26
3.8% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$13,249
AT RATE
3.8%
recorded at approval
TOTAL INTEREST
$268,913
over 10 yrs
TOTAL REPAID
$1,589,913

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
Kiowa, CO 80117
INDUSTRY
Other Heavy and Civil Engineering Construction · NAICS 237990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
3.8%
LOAN STATUS
Paid in Full
Kiowa, CO 80117

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