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SBA 7(a)Committed, not yet disbursed

BRACKINS MACHINE SHOP,LLC, a Tennessee Limited Liability Company

ERWIN, TNEnterprise Bank & TrustMachine Shops · NAICS 332710
APPROVAL AMOUNT
$2,410,600
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-06-22
8% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$27,518
AT RATE
8%
recorded at approval
TOTAL INTEREST
$1,221,786
over 11 yrs
TOTAL REPAID
$3,632,386

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
ERWIN, TN 37650
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
ERWIN, TN 37650

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