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SBA 7(a)Active, details exempt

Black Cat Interiors

KENMORE, WAReadycap Lending, LLCInterior Design Services · NAICS 541410
APPROVAL AMOUNT
$20,500
PROGRAM
SBA 7(a)
5 years term
APPROVED
2022-08-10
10.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$469
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$5,277
over 4.6 yrs
TOTAL REPAID
$25,777

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
KENMORE, WA 98028
INDUSTRY
Interior Design Services · NAICS 541410
BUSINESS STRUCTURE
Individual
LOAN TERM
5 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
KENMORE, WA 98028

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