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SBA 7(a)Active, details exempt

Jax Beach Scuba Inc.

JACKSONVILLE BEACH, FLMVB Bank, Inc.Sports and Recreation Instruction · NAICS 611620
APPROVAL AMOUNT
$1,129,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2022-10-04
9% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$16,905
AT RATE
9%
recorded at approval
TOTAL INTEREST
$443,206
over 7.8 yrs
TOTAL REPAID
$1,572,206

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
JACKSONVILLE BEACH, FL 32250
INDUSTRY
Sports and Recreation Instruction · NAICS 611620
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
JACKSONVILLE BEACH, FL 32250

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