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SBA 7(a)Active, details exempt

Fast Cutting Supply, Corp.

MARGATE, FLTD Bank, National AssociationAll Other General Merchandise Retailers · NAICS 455219
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-09-26
11.5% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$3,515
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$171,786
over 10 yrs
TOTAL REPAID
$421,786

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
MARGATE, FL 33063
INDUSTRY
All Other General Merchandise Retailers · NAICS 455219
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
22
MARGATE, FL 33063

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