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SBA 7(a)Active, details exempt

HITEX INC

MOUNT PROSPECT, ILJPMorgan Chase Bank, National AssociationHousehold Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers · NAICS 423620
APPROVAL AMOUNT
$290,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-05-23
10.4% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$3,897
AT RATE
10.4%
recorded at approval
TOTAL INTEREST
$177,627
over 10 yrs
TOTAL REPAID
$467,627

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
MOUNT PROSPECT, IL 60056
INDUSTRY
Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers · NAICS 423620
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.4%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
MOUNT PROSPECT, IL 60056

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