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SBA 7(a)Paid in Full

Mendez Family Care

JACKSONVILLE BEACH, FLNewtek Bank, National AssociationOffices of Physicians (except Mental Health Specialists) · NAICS 621111
APPROVAL AMOUNT
$750,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-07-13
11.25% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$10,438
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$502,521
over 10 yrs
TOTAL REPAID
$1,252,521

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
JACKSONVILLE BEACH, FL 32250
INDUSTRY
Offices of Physicians (except Mental Health Specialists) · NAICS 621111
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
04
JACKSONVILLE BEACH, FL 32250

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