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SBA 7(a)Active, details exempt

ESSENTIALS BY NAZ

LOCUST, NCWells Fargo Bank National AssociationElectronic Shopping and Mail-Order Houses · NAICS 454110
APPROVAL AMOUNT
$15,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-07-25
10.75% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$205
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$9,541
over 10 yrs
TOTAL REPAID
$24,541

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
LOCUST, NC 28097
INDUSTRY
Electronic Shopping and Mail-Order Houses · NAICS 454110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
LOCUST, NC 28097
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