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SBA 7(a)Active, details exempt

Mint Controls

NEWPORT BEACH, CAFirst BankCustom Computer Programming Services · NAICS 541511
APPROVAL AMOUNT
$2,226,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-08-15
7.75% rate
JOBS SUPPORTED
32
Borrower-reported

Estimated monthly payment

MONTHLY
$26,714
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$979,724
over 10 yrs
TOTAL REPAID
$3,205,724

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
NEWPORT BEACH, CA 92660
INDUSTRY
Custom Computer Programming Services · NAICS 541511
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
45
NEWPORT BEACH, CA 92660

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