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SBA 7(a)Active, details exempt

K&R Shipping Richfield, Inc.

RICHFIELD, OHCFBank National AssociationLocal Messengers and Local Delivery · NAICS 492210
APPROVAL AMOUNT
$2,258,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2020-08-14
6% rate
JOBS SUPPORTED
39
Borrower-reported

Estimated monthly payment

MONTHLY
$43,653
AT RATE
6%
recorded at approval
TOTAL INTEREST
$361,208
over 5 yrs
TOTAL REPAID
$2,619,208

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
RICHFIELD, OH 44286
INDUSTRY
Local Messengers and Local Delivery · NAICS 492210
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
RICHFIELD, OH 44286

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