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SBA 7(a)Active, details exempt

COLLIER ELECTRIC COMPANY OF FT. MYERS, INC.

FORT MYERS, FLTruist BankElectrical Contractors and Other Wiring Installation Contractors · NAICS 238210
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APPROVAL AMOUNT
$5,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-03
8.25% rate
JOBS SUPPORTED
31
Borrower-reported

Estimated monthly payment

MONTHLY
$61,326
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$2,359,158
over 10 yrs
TOTAL REPAID
$7,359,158

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
FORT MYERS, FL 33966
INDUSTRY
Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
19
FORT MYERS, FL 33966

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