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SBA 7(a)Committed, not yet disbursed

May-Aire Heating & Cooling Co., Inc.

ELMHURST, ILThe Huntington National BankPlumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
APPROVAL AMOUNT
$748,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-01-09
11.25% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$10,410
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$501,180
over 10 yrs
TOTAL REPAID
$1,249,180

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
ELMHURST, IL 60126
INDUSTRY
Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
04
ELMHURST, IL 60126

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