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SBA 7(a)Current

Corner Construction Co., Inc.

Pacific Palisades, CABayFirst National BankNew Single-Family Housing Construction (except Operative Builders) · NAICS 236115
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-05-31
8.25% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$4,293
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$165,141
over 10 yrs
TOTAL REPAID
$515,141

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
Pacific Palisades, CA 90272
INDUSTRY
New Single-Family Housing Construction (except Operative Builders) · NAICS 236115
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Current
Pacific Palisades, CA 90272

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