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SBA 7(a)Committed, not yet disbursed

EKIM PAINTING-SOUTH, INC.

SARATOGA, CAFifth Third BankPainting and Wall Covering Contractors · NAICS 238320
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-09-28
7.25% rate
JOBS SUPPORTED
52
Borrower-reported

Estimated monthly payment

MONTHLY
$4,109
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$143,084
over 10 yrs
TOTAL REPAID
$493,084

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
SARATOGA, CA 95070
INDUSTRY
Painting and Wall Covering Contractors · NAICS 238320
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
17
SARATOGA, CA 95070

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