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SBA 7(a)Active, details exempt

Floor Play Flooring, LLC

SOUTH SALT LAKE, UTCommunity Banks of Colorado, A Division of NBH BankFloor Covering Stores · NAICS 442210
APPROVAL AMOUNT
$475,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-11-22
4.25% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$4,866
AT RATE
4.25%
recorded at approval
TOTAL INTEREST
$108,894
over 10 yrs
TOTAL REPAID
$583,894

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
SOUTH SALT LAKE, UT 84115
INDUSTRY
Floor Covering Stores · NAICS 442210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
4.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
SOUTH SALT LAKE, UT 84115

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