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SBA 7(a)Committed, not yet disbursed

Megel & O'Connell Enterprises, LLC

ELMHURST, ILCIBC Bank USAMarketing Consulting Services · NAICS 541613
APPROVAL AMOUNT
$300,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2026-05-11
8.75% rate
JOBS SUPPORTED
23
Borrower-reported

Estimated monthly payment

MONTHLY
$5,371
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$86,677
over 6 yrs
TOTAL REPAID
$386,677

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
Marketing Consulting Services · NAICS 541613
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
04
ELMHURST, IL 60126

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