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SBA 7(a)Committed, not yet disbursed

IT Practice Holdings LLC

RALEIGH, NCTowneBankOther Computer Related Services · NAICS 541519
APPROVAL AMOUNT
$4,348,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-18
7.75% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$52,181
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$1,913,675
over 10 yrs
TOTAL REPAID
$6,261,675

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
RALEIGH, NC 27616
INDUSTRY
Other Computer Related Services · NAICS 541519
BUSINESS STRUCTURE
Partnership
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
RALEIGH, NC 27616

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