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SBA 7(a)Active, details exempt

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KILLEEN, TXFirst Bank of the LakeGeneral Automotive Repair · NAICS 811111
APPROVAL AMOUNT
$1,585,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2020-10-21
5.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$9,971
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$1,406,401
over 25 yrs
TOTAL REPAID
$2,991,401

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
KILLEEN, TX 76541
INDUSTRY
General Automotive Repair · NAICS 811111
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
31
KILLEEN, TX 76541

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