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SBA 7(a)Current

La Matera Ventures, LLC

Vineyard, UTFirst Internet Bank of IndianaClothing and Clothing Accessories Retailers · NAICS 458110
APPROVAL AMOUNT
$1,650,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-06-14
11% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$22,729
AT RATE
11%
recorded at approval
TOTAL INTEREST
$1,077,450
over 10 yrs
TOTAL REPAID
$2,727,450

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
Vineyard, UT 84059
INDUSTRY
Clothing and Clothing Accessories Retailers · NAICS 458110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Current
Vineyard, UT 84059

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