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SBA 7(a)CANCLD

BuyOrBorrow Music LLC

Odenville, ALUnited Midwest Savings Bank National AssociationAll Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-06-11
6% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$1,665
AT RATE
6%
recorded at approval
TOTAL INTEREST
$49,837
over 10 yrs
TOTAL REPAID
$199,837

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
All Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
CANCLD
Odenville, AL 35120

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