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SBA 7(a)Current

Bang Equipment LLC

South Pittsburg, TNThe Huntington National BankAll Other Miscellaneous Wood Product Manufacturing · NAICS 321999
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-09-02
8.25% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$4,293
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$165,141
over 10 yrs
TOTAL REPAID
$515,141

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
South Pittsburg, TN 37380
INDUSTRY
All Other Miscellaneous Wood Product Manufacturing · NAICS 321999
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Current
South Pittsburg, TN 37380

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