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SBA 7(a)Active, details exempt

Furnace Tech, Inc.

ST PETERSBURG, FLThe Bancorp Bank National AssociationPlumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
APPROVAL AMOUNT
$998,200
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-03-30
5.5% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$10,833
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$301,771
over 10 yrs
TOTAL REPAID
$1,299,971

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
ST PETERSBURG, FL 33712
INDUSTRY
Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
13
ST PETERSBURG, FL 33712

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