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SBA 7(a)Paid in Full

Jimmie Bender

BAY SPRINGS, MSCovington County BankGeneral Freight Trucking, Long-Distance, Truckload · NAICS 484121
APPROVAL AMOUNT
$44,000
PROGRAM
SBA 7(a)
3 years term
APPROVED
2023-07-03
10% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$1,420
AT RATE
10%
recorded at approval
TOTAL INTEREST
$7,111
over 3 yrs
TOTAL REPAID
$51,111

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
BAY SPRINGS, MS 39422
INDUSTRY
General Freight Trucking, Long-Distance, Truckload · NAICS 484121
BUSINESS STRUCTURE
Individual
LOAN TERM
3 years
INITIAL INTEREST RATE
10%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
BAY SPRINGS, MS 39422

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