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SBA 7(a)Paid in Full

freeway express wash llc

GARDEN GROVE, CAVelocitySBA, LLCCar Washes · NAICS 811192
APPROVAL AMOUNT
$2,965,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2020-04-07
4.5% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$16,480
AT RATE
4.5%
recorded at approval
TOTAL INTEREST
$1,979,130
over 25 yrs
TOTAL REPAID
$4,944,130

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
GARDEN GROVE, CA 92841
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
4.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
47
GARDEN GROVE, CA 92841

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