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SBA 7(a)Committed, not yet disbursed

Forbes Academy, LLC

GEORGETOWN, TX22nd State Bank, A Division of 22nd State Banking CompanyChild Care Services · NAICS 624410
APPROVAL AMOUNT
$1,521,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-05-27
9.5% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$19,121
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$888,212
over 10.5 yrs
TOTAL REPAID
$2,409,212

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
GEORGETOWN, TX 78728
INDUSTRY
Child Care Services · NAICS 624410
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
31
GEORGETOWN, TX 78728

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