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SBA 7(a)Active, details exempt

Clear Construction Inc.

SANTA BARBARA, CAAmerican Riviera BankNew Multifamily Housing Construction (except For-Sale Builders) · NAICS 236116
APPROVAL AMOUNT
$1,250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-15
8.75% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$15,666
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$629,901
over 10 yrs
TOTAL REPAID
$1,879,901

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 BARBARA, CA 93101
INDUSTRY
New Multifamily Housing Construction (except For-Sale Builders) · NAICS 236116
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
24
SANTA BARBARA, CA 93101

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