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SBA 7(a)Active, details exempt

Lenz Corporation, Inc.

DELRAY BEACH, FLLive Oak Banking CompanyAll Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$1,250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-02-01
6% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$13,878
AT RATE
6%
recorded at approval
TOTAL INTEREST
$415,308
over 10 yrs
TOTAL REPAID
$1,665,308

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
DELRAY BEACH, FL 33444
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
21
DELRAY BEACH, FL 33444

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