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SBA 7(a)Committed, not yet disbursed

M.G. CONSTRUCTION, INC.

OLD BRIDGE, NJProvident BankPoured Concrete Foundation and Structure Contractors · NAICS 238110
APPROVAL AMOUNT
$550,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-09
9.5% rate
JOBS SUPPORTED
60
Borrower-reported

Estimated monthly payment

MONTHLY
$7,117
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$304,024
over 10 yrs
TOTAL REPAID
$854,024

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
OLD BRIDGE, NJ 08857
INDUSTRY
Poured Concrete Foundation and Structure Contractors · NAICS 238110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
OLD BRIDGE, NJ 08857

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