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SBA 7(a)Committed, not yet disbursed

Florence Body, Frame & Towing, Inc.

FLORENCE, KYCommercial Bank of CaliforniaAutomotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
APPROVAL AMOUNT
$703,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-08
9.25% rate
JOBS SUPPORTED
23
Borrower-reported

Estimated monthly payment

MONTHLY
$9,001
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$377,084
over 10 yrs
TOTAL REPAID
$1,080,084

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
FLORENCE, KY 41042
INDUSTRY
Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
04
FLORENCE, KY 41042

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