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SBA 7(a)Committed, not yet disbursed

CIO Landing, Inc.

NORTHFIELD, ILLive Oak Banking CompanyOther Computer Related Services · NAICS 541519
APPROVAL AMOUNT
$200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-05-05
10% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$2,643
AT RATE
10%
recorded at approval
TOTAL INTEREST
$117,162
over 10 yrs
TOTAL REPAID
$317,162

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
NORTHFIELD, IL 60093
INDUSTRY
Other Computer Related Services · NAICS 541519
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
NORTHFIELD, IL 60093

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