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SBA 7(a)Paid in Full

HomeScapes, LLC

MADISON, MSNewtek Small Business Finance, Inc.Landscaping Services · NAICS 561730
APPROVAL AMOUNT
$263,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-01-14
6% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$2,920
AT RATE
6%
recorded at approval
TOTAL INTEREST
$87,381
over 10 yrs
TOTAL REPAID
$350,381

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
MADISON, MS 39110
INDUSTRY
Landscaping Services · NAICS 561730
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
02
MADISON, MS 39110

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