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SBA 7(a)Committed, not yet disbursed

Florida Palm

DAVIE, FLReadycap Lending, LLCCommercial and Institutional Building Construction · NAICS 236220
APPROVAL AMOUNT
$1,305,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-04-29
8.5% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$10,508
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$1,847,464
over 25 yrs
TOTAL REPAID
$3,152,464

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
DAVIE, FL 33314
INDUSTRY
Commercial and Institutional Building Construction · NAICS 236220
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
23
DAVIE, FL 33314

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