SBA 7(a)Active, details exempt

LEGENDARY LUBE AND OIL, LLC

MUSKOGEE, OKBancFirstAutomotive Oil Change and Lubrication Shops · NAICS 811191

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APPROVAL AMOUNT

$375,000

PROGRAM

SBA 7(a)

20 years term

APPROVED

2021-02-11

5.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$2,527

AT RATE

5.25%

recorded at approval

TOTAL INTEREST

$231,460

over 20 yrs

TOTAL REPAID

$606,460

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

MUSKOGEE, OK 74401

INDUSTRY

Automotive Oil Change and Lubrication Shops · NAICS 811191

BUSINESS STRUCTURE

Corporation

LOAN TERM

20 years

INITIAL INTEREST RATE

5.25%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

MUSKOGEE, OK 74401

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