Find Lenders
SBA 7(a)Active, details exempt

Legacy Builders Insurance and Financial Services

NEWPORT NEWS, VAMechanics and Farmers BankInsurance Agencies and Brokerages · NAICS 524210
APPROVAL AMOUNT
$782,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-03-10
6.75% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$8,979
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$295,509
over 10 yrs
TOTAL REPAID
$1,077,509

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
NEWPORT NEWS, VA 23608
INDUSTRY
Insurance Agencies and Brokerages · NAICS 524210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
NEWPORT NEWS, VA 23608

Other loans from this lender · Mechanics and Farmers Bank

View all 153 loans from Mechanics and Farmers Bank

Nearby loans · within 10 miles