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SBA 7(a)Committed, not yet disbursed

M3 Precision LLC

SANTA MARIA, CAU.S. Bank, National AssociationMachine Shops · NAICS 332710
APPROVAL AMOUNT
$275,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-12-19
11% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$3,788
AT RATE
11%
recorded at approval
TOTAL INTEREST
$179,575
over 10 yrs
TOTAL REPAID
$454,575

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
SANTA MARIA, CA 93455
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
24
SANTA MARIA, CA 93455

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