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SBA 7(a)Committed, not yet disbursed

LEADING EDGE METALS & ALLOYS, INC.

TORRANCE, CAHeritage Bank IncMetal Service Centers and Other Metal Merchant Wholesalers · NAICS 423510
APPROVAL AMOUNT
$1,300,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-01-28
9.75% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$17,000
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$740,016
over 10 yrs
TOTAL REPAID
$2,040,016

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
TORRANCE, CA 90501
INDUSTRY
Metal Service Centers and Other Metal Merchant Wholesalers · NAICS 423510
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
43
TORRANCE, CA 90501

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