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SBA 7(a)Committed, not yet disbursed

Independent Glass Company Inc.

MONTGOMERY, ALThe Huntington National BankGlass Product Manufacturing Made of Purchased Glass · NAICS 327215
APPROVAL AMOUNT
$2,889,500
PROGRAM
SBA 7(a)
14 years term
APPROVED
2026-05-01
7.5% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$27,830
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$1,785,945
over 14 yrs
TOTAL REPAID
$4,675,445

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
MONTGOMERY, AL 36104
INDUSTRY
Glass Product Manufacturing Made of Purchased Glass · NAICS 327215
BUSINESS STRUCTURE
Corporation
LOAN TERM
14 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
MONTGOMERY, AL 36104

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