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SBA 7(a)Paid in Full

Indiana Composites, LLC

Bourbon, INFirst Federal Savings BankAll Other Transportation Equipment Manufacturing · NAICS 336999
APPROVAL AMOUNT
$232,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-05-25
5.5% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$2,518
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$70,137
over 10 yrs
TOTAL REPAID
$302,137

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
Bourbon, IN 46504
INDUSTRY
All Other Transportation Equipment Manufacturing · NAICS 336999
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
Bourbon, IN 46504

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