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SBA 7(a)Active, details exempt

Morrison Etheridge Funeral Home Inc.

BUTLER, NJLive Oak Banking CompanyFuneral Homes and Funeral Services · NAICS 812210
APPROVAL AMOUNT
$1,950,000
PROGRAM
SBA 7(a)
15 years term
APPROVED
2022-05-05
5.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$16,193
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$964,739
over 15 yrs
TOTAL REPAID
$2,914,739

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
BUTLER, NJ 07405
INDUSTRY
Funeral Homes and Funeral Services · NAICS 812210
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
BUTLER, NJ 07405
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