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SBA 7(a)Active, details exempt

ERAN INDUSTRIAL LLC

BOCA RATON, FLNewtek Bank, National AssociationResidential Electric Lighting Fixture Manufacturing · NAICS 335131
APPROVAL AMOUNT
$3,200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-06-20
11.25% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$44,534
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$2,144,088
over 10 yrs
TOTAL REPAID
$5,344,088

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
BOCA RATON, FL 33431
INDUSTRY
Residential Electric Lighting Fixture Manufacturing · NAICS 335131
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
22
BOCA RATON, FL 33431

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