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SBA 7(a)Committed, not yet disbursed

Diamond Property Group, LLC

MORRISTOWN, TNLive Oak Banking CompanyNew Single-Family Housing Construction (except For-Sale Builders) · NAICS 236115
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-01
10.75% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$4,772
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$222,622
over 10 yrs
TOTAL REPAID
$572,622

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
MORRISTOWN, TN 37814
INDUSTRY
New Single-Family Housing Construction (except For-Sale Builders) · NAICS 236115
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
MORRISTOWN, TN 37814

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