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SBA 7(a)Active, details exempt

Fusion Power

CHANDLER, AZNewtek Bank, National AssociationAll Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$2,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-11-04
11% rate
JOBS SUPPORTED
50
Borrower-reported

Estimated monthly payment

MONTHLY
$27,550
AT RATE
11%
recorded at approval
TOTAL INTEREST
$1,306,000
over 10 yrs
TOTAL REPAID
$3,306,000

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
CHANDLER, AZ 85226
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
CHANDLER, AZ 85226

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