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SBA 7(a)Paid in Full

MLC PLUMBING CONSULTANT

Spencer, TNU.S. Bank, National Association"Plumbing, Heating, and Air-Conditioning Contractors" · NAICS 238220
APPROVAL AMOUNT
$10,000
PROGRAM
SBA 7(a)
4 years term
APPROVED
2012-10-23
9.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$261
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$2,025
over 3.8 yrs
TOTAL REPAID
$12,025

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
Spencer, TN 38585
INDUSTRY
"Plumbing, Heating, and Air-Conditioning Contractors" · NAICS 238220
BUSINESS STRUCTURE
Individual
LOAN TERM
4 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Paid in Full
Spencer, TN 38585

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