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SBA 7(a)Active, details exempt

Deep South Machinist, L.L.C.

LAFAYETTE, LACapital Bank, National AssociationMachine Shops · NAICS 332710
APPROVAL AMOUNT
$2,190,000
PROGRAM
SBA 7(a)
14 years term
APPROVED
2015-06-17
6% rate
JOBS SUPPORTED
25
Borrower-reported

Estimated monthly payment

MONTHLY
$19,226
AT RATE
6%
recorded at approval
TOTAL INTEREST
$1,059,217
over 14.1 yrs
TOTAL REPAID
$3,249,217

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
LAFAYETTE, LA 70506
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
14 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
LAFAYETTE, LA 70506

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