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SBA 7(a)Active, details exempt

LM Atlantic, LLC

WEST CHICAGO, ILU.S. Bank, National AssociationMachine Shops · NAICS 332710
APPROVAL AMOUNT
$967,500
PROGRAM
SBA 7(a)
25 years term
APPROVED
2020-01-29
5.82% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$6,128
AT RATE
5.82%
recorded at approval
TOTAL INTEREST
$870,779
over 25 yrs
TOTAL REPAID
$1,838,279

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
WEST CHICAGO, IL 60185
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.82%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
WEST CHICAGO, IL 60185

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