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SBA 7(a)Active, details exempt

Gant Family Co.

ROCKLIN, CALive Oak Banking CompanyMusical Instrument and Supplies Stores · NAICS 451140
APPROVAL AMOUNT
$1,230,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-03-25
6.75% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$14,123
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$464,804
over 10 yrs
TOTAL REPAID
$1,694,804

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
ROCKLIN, CA 95765
INDUSTRY
Musical Instrument and Supplies Stores · NAICS 451140
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
ROCKLIN, CA 95765

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