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SBA 7(a)Committed, not yet disbursed

Father and Son Companies LLC

GAITHERSBURG, MDManufacturers and Traders Trust CompanyCarpet and Upholstery Cleaning Services · NAICS 561740
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-30
13.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$754
AT RATE
13.25%
recorded at approval
TOTAL INTEREST
$40,473
over 10 yrs
TOTAL REPAID
$90,473

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
GAITHERSBURG, MD 20879
INDUSTRY
Carpet and Upholstery Cleaning Services · NAICS 561740
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
13.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
GAITHERSBURG, MD 20879

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