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SBA 7(a)Current

MIDWEST MECHANICAL INSULATION, LLC

Marengo, ILPrairie Community BankOther Building Equipment Contractors · NAICS 238290
APPROVAL AMOUNT
$320,200
PROGRAM
SBA 7(a)
10 years term
APPROVED
2018-10-16
6% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$3,555
AT RATE
6%
recorded at approval
TOTAL INTEREST
$106,385
over 10 yrs
TOTAL REPAID
$426,585

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
Marengo, IL 60152
INDUSTRY
Other Building Equipment Contractors · NAICS 238290
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Current
Marengo, IL 60152

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