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SBA 7(a)Current

LIGHTNING STRIKE DISTRIBUTING L.L.C.

Mohave Valley, AZNewtek Small Business Finance, Inc.All Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
APPROVAL AMOUNT
$260,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-10-08
7.75% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$3,120
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$114,433
over 10 yrs
TOTAL REPAID
$374,433

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
Mohave Valley, AZ 86440
INDUSTRY
All Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Current
Mohave Valley, AZ 86440

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