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SBA 7(a)Active, details exempt

EMS Heating and Air Conditioning Inc

FORNEY, TXUnited Midwest Savings Bank National AssociationPlumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
APPROVAL AMOUNT
$715,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-07-09
11% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$10,187
AT RATE
11%
recorded at approval
TOTAL INTEREST
$436,121
over 9.4 yrs
TOTAL REPAID
$1,151,121

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
FORNEY, TX 75126
INDUSTRY
Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
FORNEY, TX 75126

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