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SBA 7(a)Active, details exempt

BuyOrBorrow Music, Inc

ODENVILLE, ALRiver Bank and TrustMusical Instrument and Supplies Retailers · NAICS 459140
APPROVAL AMOUNT
$260,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-29
8.75% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$3,258
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$131,019
over 10 yrs
TOTAL REPAID
$391,019

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
ODENVILLE, AL 35120
INDUSTRY
Musical Instrument and Supplies Retailers · NAICS 459140
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
ODENVILLE, AL 35120

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