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SBA 7(a)Active, details exempt

Fidelity Legacy Real Estate, LLC

HUMBLE, TXThe Bancorp Bank National AssociationLessors of Nonresidential Buildings (except Miniwarehouses) · NAICS 531120
APPROVAL AMOUNT
$1,995,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2023-07-21
9.25% rate
JOBS SUPPORTED
60
Borrower-reported

Estimated monthly payment

MONTHLY
$17,085
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$3,130,445
over 25 yrs
TOTAL REPAID
$5,125,445

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
HUMBLE, TX 77396
INDUSTRY
Lessors of Nonresidential Buildings (except Miniwarehouses) · NAICS 531120
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
HUMBLE, TX 77396

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