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SBA 7(a)Active, details exempt

GU'S RECYCLING INC

RIVERSIDE, CACommonwealth Business BankRecyclable Material Merchant Wholesalers · NAICS 423930
APPROVAL AMOUNT
$2,625,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2022-03-15
4.5% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$14,591
AT RATE
4.5%
recorded at approval
TOTAL INTEREST
$1,752,181
over 25 yrs
TOTAL REPAID
$4,377,181

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
RIVERSIDE, CA 92503
INDUSTRY
Recyclable Material Merchant Wholesalers · NAICS 423930
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
4.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
41
RIVERSIDE, CA 92503

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