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SBA 7(a)Cancelled

Genex Systems, LLC

NEWPORT NEWS, VASeacoast National BankOther Computer Related Services · NAICS 541519
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-23
9.5% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$6,470
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$276,385
over 10 yrs
TOTAL REPAID
$776,385

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
NEWPORT NEWS, VA 23606
INDUSTRY
Other Computer Related Services · NAICS 541519
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Cancelled
CONGRESSIONAL DIST.
01
NEWPORT NEWS, VA 23606

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