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SBA 7(a)Active, details exempt

Moore-Norman Group, LLC

MIDLOTHIAN, VABankUnited, National AssociationAll Other Amusement and Recreation Industries · NAICS 713990
APPROVAL AMOUNT
$1,349,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2018-09-06
7.75% rate
JOBS SUPPORTED
63
Borrower-reported

Estimated monthly payment

MONTHLY
$15,928
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$610,140
over 10.3 yrs
TOTAL REPAID
$1,959,140

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
MIDLOTHIAN, VA 23112
INDUSTRY
All Other Amusement and Recreation Industries · NAICS 713990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
MIDLOTHIAN, VA 23112

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