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SBA 7(a)Paid in Full

BEARMOUNTAIN ENTERPRISES

South Pittsburg, TNVelocitySBA, LLCOther Miscellaneous Durable Goods Merchant Wholesalers · NAICS 423990
APPROVAL AMOUNT
$5,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2008-12-03
7.99% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$60
AT RATE
7.99%
recorded at approval
TOTAL INTEREST
$2,297
over 10.1 yrs
TOTAL REPAID
$7,297

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
Other Miscellaneous Durable Goods Merchant Wholesalers · NAICS 423990
BUSINESS STRUCTURE
Partnership
LOAN TERM
10 years
INITIAL INTEREST RATE
7.99%
LOAN STATUS
Paid in Full
South Pittsburg, TN 37380

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