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SBA 7(a)Active, details exempt

Honest Abe Roofing Miami

DORAL, FLFirst Internet Bank of IndianaRoofing Contractors · NAICS 238160
APPROVAL AMOUNT
$2,529,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-09-26
10.5% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$34,125
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$1,566,007
over 10 yrs
TOTAL REPAID
$4,095,007

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
DORAL, FL 33122
INDUSTRY
Roofing Contractors · NAICS 238160
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
25
DORAL, FL 33122

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