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SBA 7(a)Current

ITNJ Electric, LLC

Jarrell, TXNewtek Bank, National AssociationElectrical Contractors · NAICS 238210
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-07-03
11.5% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$2,109
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$103,072
over 10 yrs
TOTAL REPAID
$253,072

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
Jarrell, TX 76537
INDUSTRY
Electrical Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Current
Jarrell, TX 76537

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