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SBA 7(a)Active, details exempt

MLK Business LLC

CRAWFORD, TXGlobal One BankGasoline Stations with Convenience Stores · NAICS 457110
APPROVAL AMOUNT
$600,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2024-10-03
9.75% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$5,347
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$1,004,047
over 25 yrs
TOTAL REPAID
$1,604,047

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
CRAWFORD, TX 76638
INDUSTRY
Gasoline Stations with Convenience Stores · NAICS 457110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
17
CRAWFORD, TX 76638

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