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SBA 7(a)CANCLD

H & H Constructors, LLC

Mt Juliet, TNNewtek Bank, National AssociationOther Building Finishing Contractors · NAICS 238390
APPROVAL AMOUNT
$2,800,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-05-23
11.5% rate
JOBS SUPPORTED
55
Borrower-reported

Estimated monthly payment

MONTHLY
$39,367
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$1,924,007
over 10 yrs
TOTAL REPAID
$4,724,007

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
Mt Juliet, TN 37122
INDUSTRY
Other Building Finishing Contractors · NAICS 238390
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
CANCLD
Mt Juliet, TN 37122

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