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SBA 7(a)Active, details exempt

Esgar Reynaga

CANOGA PARK, CAFirst-Citizens Bank & Trust CompanyBarber Shops · NAICS 812111
APPROVAL AMOUNT
$533,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-08-02
6.25% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$3,516
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$521,811
over 25 yrs
TOTAL REPAID
$1,054,811

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
CANOGA PARK, CA 91303
INDUSTRY
Barber Shops · NAICS 812111
BUSINESS STRUCTURE
Individual
LOAN TERM
25 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
30
CANOGA PARK, CA 91303

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