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SBA 7(a)Active, details exempt

INSURANCE ELEVATED LLC

TAMPA, FLFirst Internet Bank of IndianaInsurance Agencies and Brokerages · NAICS 524210
APPROVAL AMOUNT
$4,264,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2024-02-24
11% rate
JOBS SUPPORTED
60
Borrower-reported

Estimated monthly payment

MONTHLY
$41,792
AT RATE
11%
recorded at approval
TOTAL INTEREST
$8,273,606
over 25 yrs
TOTAL REPAID
$12,537,606

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
TAMPA, FL 33605
INDUSTRY
Insurance Agencies and Brokerages · NAICS 524210
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
14
TAMPA, FL 33605

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