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SBA 7(a)Active, details exempt

CARRERA MILLWORK, INC.

SANTA CLARA, CAWells Fargo Bank National AssociationOther Construction Material Merchant Wholesalers · NAICS 423390
APPROVAL AMOUNT
$1,997,700
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-07-25
8.55% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$24,822
AT RATE
8.55%
recorded at approval
TOTAL INTEREST
$980,949
over 10 yrs
TOTAL REPAID
$2,978,649

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
SANTA CLARA, CA 95050
INDUSTRY
Other Construction Material Merchant Wholesalers · NAICS 423390
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.55%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
17
SANTA CLARA, CA 95050

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