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SBA 7(a)Active, details exempt

Madison Cleaning Services, Inc.

GRANITE CITY, ILJustine Petersen Housing & Reinvestment CorporationJanitorial Services · NAICS 561720
APPROVAL AMOUNT
$149,700
PROGRAM
SBA 7(a)
6 years term
APPROVED
2019-06-25
11.5% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$2,860
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$59,108
over 6.1 yrs
TOTAL REPAID
$208,808

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
GRANITE CITY, IL 62040
INDUSTRY
Janitorial Services · NAICS 561720
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
12
GRANITE CITY, IL 62040

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