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SBA 7(a)Active, details exempt

Heinz Engineering, Inc.

GARDENA, CACIBC Bank USAElectrical Contractors and Other Wiring Installation Contractors · NAICS 238210
APPROVAL AMOUNT
$2,472,800
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-09-22
5.75% rate
JOBS SUPPORTED
36
Borrower-reported

Estimated monthly payment

MONTHLY
$27,144
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$784,448
over 10 yrs
TOTAL REPAID
$3,257,248

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
GARDENA, CA 90247
INDUSTRY
Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
43
GARDENA, CA 90247

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