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SBA 7(a)Active, details exempt

Draughon Directional Drilling LLC

UNION, MSThe Citizens National Bank of MeridianOther Heavy and Civil Engineering Construction · NAICS 237990
APPROVAL AMOUNT
$125,900
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-02-13
9.5% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$1,629
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$69,594
over 10 yrs
TOTAL REPAID
$195,494

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
UNION, MS 39365
INDUSTRY
Other Heavy and Civil Engineering Construction · NAICS 237990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
UNION, MS 39365

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