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SBA 7(a)Active, details exempt

Law Office of Robert Richard Castro, P.C.

WALDORF, MDNewtek Bank, National AssociationOffices of Lawyers · NAICS 541110
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-07
9.75% rate
JOBS SUPPORTED
23
Borrower-reported

Estimated monthly payment

MONTHLY
$4,577
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$199,235
over 10 yrs
TOTAL REPAID
$549,235

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
WALDORF, MD 20601
INDUSTRY
Offices of Lawyers · NAICS 541110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
05
WALDORF, MD 20601

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