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SBA 7(a)Active, details exempt

Nelson Transportation

STUDIO CITY, CANewtek Small Business Finance, Inc.Freight Transportation Arrangement · NAICS 488510
APPROVAL AMOUNT
$522,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2015-05-05
6% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$8,273
AT RATE
6%
recorded at approval
TOTAL INTEREST
$106,735
over 6.3 yrs
TOTAL REPAID
$628,735

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
STUDIO CITY, CA 91604
INDUSTRY
Freight Transportation Arrangement · NAICS 488510
BUSINESS STRUCTURE
Individual
LOAN TERM
6 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
28
STUDIO CITY, CA 91604

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