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
INDIANAPOLIS, IN 46220
INDUSTRY
Coin-Operated Laundries and Drycleaners · NAICS 812310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
INDIANAPOLIS, IN 46220
Other loans from this lender · Merchants Bank of Indiana