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SBA 7(a)Active, details exempt

CECG, LLC

HUMBLE, TXThe Bancorp Bank National AssociationOther Airport Operations · NAICS 488119
APPROVAL AMOUNT
$1,836,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-06-01
6% rate
JOBS SUPPORTED
52
Borrower-reported

Estimated monthly payment

MONTHLY
$20,383
AT RATE
6%
recorded at approval
TOTAL INTEREST
$610,004
over 10 yrs
TOTAL REPAID
$2,446,004

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
HUMBLE, TX 77338
INDUSTRY
Other Airport Operations · NAICS 488119
BUSINESS STRUCTURE
Partnership
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
HUMBLE, TX 77338

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