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SBA 7(a)Active, details exempt

J.S. GITMAN PROPERTIES LLC

SAN MARCOS, TXNewtek Bank, National AssociationDistilleries · NAICS 312140
APPROVAL AMOUNT
$1,474,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2023-06-26
11.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$14,679
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$2,988,479
over 25.3 yrs
TOTAL REPAID
$4,462,479

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
SAN MARCOS, TX 78666
INDUSTRY
Distilleries · NAICS 312140
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
15
SAN MARCOS, TX 78666

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