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SBA 7(a)Active, details exempt

Flying Connected Inc.

BUTLER, NJFinWise BankOffice Machinery and Equipment Rental and Leasing · NAICS 532420
APPROVAL AMOUNT
$1,500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-11-10
9% rate
JOBS SUPPORTED
26
Borrower-reported

Estimated monthly payment

MONTHLY
$19,001
AT RATE
9%
recorded at approval
TOTAL INTEREST
$780,164
over 10 yrs
TOTAL REPAID
$2,280,164

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
BUTLER, NJ 07405
INDUSTRY
Office Machinery and Equipment Rental and Leasing · NAICS 532420
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
BUTLER, NJ 07405
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