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SBA 7(a)Active, details exempt

Oil Palace, Inc

TYLER, TXNewtek Small Business Finance, Inc.Promoters of Performing Arts, Sports, and Similar Events with Facilities · NAICS 711310
APPROVAL AMOUNT
$3,900,000
PROGRAM
SBA 7(a)
18 years term
APPROVED
2017-11-02
7% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$32,183
AT RATE
7%
recorded at approval
TOTAL INTEREST
$2,890,520
over 17.6 yrs
TOTAL REPAID
$6,790,520

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
TYLER, TX 75707
INDUSTRY
Promoters of Performing Arts, Sports, and Similar Events with Facilities · NAICS 711310
BUSINESS STRUCTURE
Corporation
LOAN TERM
18 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
TYLER, TX 75707

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