SBA 7(a)Current

BuyOrBorrow Music LLC

Odenville, ALCommunity Bank of MississippiMusical Instrument and Supplies Stores · NAICS 451140

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APPROVAL AMOUNT

$100,000

PROGRAM

SBA 7(a)

7 years term

APPROVED

2021-08-05

4.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$1,402

AT RATE

4.75%

recorded at approval

TOTAL INTEREST

$17,741

over 7 yrs

TOTAL REPAID

$117,741

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 Stores · NAICS 451140

BUSINESS STRUCTURE

Corporation

LOAN TERM

7 years

INITIAL INTEREST RATE

4.75%

LOAN STATUS

Current

Odenville, AL 35120

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