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SBA 7(a)Active, details exempt

D‐Bat Baseball and Softball Academy Lufkin

LUFKIN, TXFirst Internet Bank of IndianaAll Other Amusement and Recreation Industries · NAICS 713990
APPROVAL AMOUNT
$465,000
PROGRAM
SBA 7(a)
21 years term
APPROVED
2024-03-23
11.25% rate
JOBS SUPPORTED
21
Borrower-reported

Estimated monthly payment

MONTHLY
$4,848
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$727,504
over 20.5 yrs
TOTAL REPAID
$1,192,504

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
LUFKIN, TX 75904
INDUSTRY
All Other Amusement and Recreation Industries · NAICS 713990
BUSINESS STRUCTURE
Corporation
LOAN TERM
21 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
LUFKIN, TX 75904

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