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SBA 7(a)Active, details exempt

Foxx Transport Inc.

FREDERICKSBURG, VAMVB Bank, Inc.General Freight Trucking, Local · NAICS 484110
APPROVAL AMOUNT
$1,783,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2021-08-17
5.25% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$20,903
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$453,603
over 8.9 yrs
TOTAL REPAID
$2,236,603

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
FREDERICKSBURG, VA 22406
INDUSTRY
General Freight Trucking, Local · NAICS 484110
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
FREDERICKSBURG, VA 22406

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