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SBA 7(a)Active, details exempt

Lowman Group, Inc.

AUBURN, ALMetro City BankShoe Stores · NAICS 448210
APPROVAL AMOUNT
$370,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2018-09-24
7.75% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$5,184
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$127,633
over 8 yrs
TOTAL REPAID
$497,633

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
AUBURN, AL 36830
INDUSTRY
Shoe Stores · NAICS 448210
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
AUBURN, AL 36830

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