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SBA 7(a)Active, details exempt

LUCKY BZ

COMMERCE, CAByline BankOther Professional Equipment and Supplies Merchant Wholesalers · NAICS 423490
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APPROVAL AMOUNT
$2,275,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-12-11
5.75% rate
JOBS SUPPORTED
25
Borrower-reported

Estimated monthly payment

MONTHLY
$24,972
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$721,700
over 10 yrs
TOTAL REPAID
$2,996,700

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
COMMERCE, CA 90040
INDUSTRY
Other Professional Equipment and Supplies Merchant Wholesalers · NAICS 423490
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
38
COMMERCE, CA 90040

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