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SBA 7(a)Committed, not yet disbursed

MRL Insurance Agency LLC

SARATOGA, CAUnited Midwest Savings Bank National AssociationInsurance Agencies and Brokerages · NAICS 524210
APPROVAL AMOUNT
$443,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-30
9.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$5,732
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$244,877
over 10 yrs
TOTAL REPAID
$687,877

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
SARATOGA, CA 95070
INDUSTRY
Insurance Agencies and Brokerages · NAICS 524210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
17
SARATOGA, CA 95070

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