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SBA 7(a)Committed, not yet disbursed

Joseph's Heating and Air, Inc.

RICHMOND, KYCommunity Trust Bank, Inc.Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
APPROVAL AMOUNT
$140,900
PROGRAM
SBA 7(a)
20 years term
APPROVED
2026-06-24
6.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$1,071
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$116,225
over 20 yrs
TOTAL REPAID
$257,125

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
RICHMOND, KY 40475
INDUSTRY
Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
RICHMOND, KY 40475

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