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SBA 7(a)Active, details exempt

Innova Property Management, LLC

RIO RANCHO, NMWestern Commerce BankOffices of Physicians (except Mental Health Specialists) · NAICS 621111
APPROVAL AMOUNT
$868,000
PROGRAM
SBA 7(a)
21 years term
APPROVED
2021-02-26
4.5% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$5,409
AT RATE
4.5%
recorded at approval
TOTAL INTEREST
$462,581
over 20.5 yrs
TOTAL REPAID
$1,330,581

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
RIO RANCHO, NM 87124
INDUSTRY
Offices of Physicians (except Mental Health Specialists) · NAICS 621111
BUSINESS STRUCTURE
Corporation
LOAN TERM
21 years
INITIAL INTEREST RATE
4.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
RIO RANCHO, NM 87124

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