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SBA 7(a)Active, details exempt

Milwaukee Grocery Supplies LLC

MILWAUKEE, WIReadycap Lending, LLCGeneral Line Grocery Merchant Wholesalers · NAICS 424410
APPROVAL AMOUNT
$3,429,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-26
11.25% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$48,859
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$2,189,232
over 9.6 yrs
TOTAL REPAID
$5,618,732

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
MILWAUKEE, WI 53210
INDUSTRY
General Line Grocery Merchant Wholesalers · NAICS 424410
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
MILWAUKEE, WI 53210

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