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SBA 7(a)Paid in Full

JMGFS, Inc.

PITTSFORD, NYLive Oak Banking CompanyInvestment Advice · NAICS 523930
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2017-12-05
6.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$5,741
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$188,945
over 10 yrs
TOTAL REPAID
$688,945

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
PITTSFORD, NY 14534
INDUSTRY
Investment Advice · NAICS 523930
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
25
PITTSFORD, NY 14534

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