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SBA 7(a)Active, details exempt

Carmichael Jones Construction LLC

RICHFIELD, OHPortage Community BankAll Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$140,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2026-05-14
7.5% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$2,805
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$28,319
over 5 yrs
TOTAL REPAID
$168,319

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
RICHFIELD, OH 44286
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
RICHFIELD, OH 44286

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