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SBA 7(a)Paid in Full

Kevin Usrey dba Usrey Drilling

Nogal, NMThe Bank of ClovisWater and Sewer Line and Related Structures Construction · NAICS 237110
APPROVAL AMOUNT
$22,500
PROGRAM
SBA 7(a)
4 years term
APPROVED
2013-04-18
8.5% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$555
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$4,120
over 4 yrs
TOTAL REPAID
$26,620

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
Nogal, NM 88341
INDUSTRY
Water and Sewer Line and Related Structures Construction · NAICS 237110
BUSINESS STRUCTURE
Individual
LOAN TERM
4 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Paid in Full
Nogal, NM 88341

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