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SBA 7(a)Active, details exempt

Deetz Consulting LLC

MASON CITY, IAUnited Midwest Savings Bank National AssociationAdministrative Management and General Management Consulting Services · NAICS 541611
APPROVAL AMOUNT
$100,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2023-03-09
10.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$1,524
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$49,340
over 8.2 yrs
TOTAL REPAID
$149,340

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
MASON CITY, IA 50401
INDUSTRY
Administrative Management and General Management Consulting Services · NAICS 541611
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
MASON CITY, IA 50401

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