SBA 7(a)Active, details exempt

Bates & Free Construction, Inc.

ALPHARETTA, GAPinnacle BankPoured Concrete Foundation and Structure Contractors · NAICS 238110

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APPROVAL AMOUNT

$4,635,000

PROGRAM

SBA 7(a)

12 years term

APPROVED

2021-03-17

4.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$41,715

AT RATE

4.5%

recorded at approval

TOTAL INTEREST

$1,372,014

over 12 yrs

TOTAL REPAID

$6,007,014

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

ALPHARETTA, GA 30004

INDUSTRY

Poured Concrete Foundation and Structure Contractors · NAICS 238110

BUSINESS STRUCTURE

Corporation

LOAN TERM

12 years

INITIAL INTEREST RATE

4.5%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

ALPHARETTA, GA 30004

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