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SBA 7(a)Active, details exempt

E.I.S. of Tennessee Inc

JACKSON, TNThe Huntington National BankSpecialized Freight (except Used Goods) Trucking, Local · NAICS 484220
APPROVAL AMOUNT
$505,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-01-10
11.25% rate
JOBS SUPPORTED
51
Borrower-reported

Estimated monthly payment

MONTHLY
$7,028
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$338,364
over 10 yrs
TOTAL REPAID
$843,364

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
JACKSON, TN 38301
INDUSTRY
Specialized Freight (except Used Goods) Trucking, Local · NAICS 484220
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
JACKSON, TN 38301

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