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SBA 7(a)Active, details exempt

OnQ Optical Labs

NEW BRAUNFELS, TXSecurity State Bank and TrustOphthalmic Goods Manufacturing · NAICS 339115
APPROVAL AMOUNT
$1,689,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-01-30
8.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$20,828
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$789,568
over 9.9 yrs
TOTAL REPAID
$2,478,568

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
NEW BRAUNFELS, TX 78132
INDUSTRY
Ophthalmic Goods Manufacturing · NAICS 339115
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
15
NEW BRAUNFELS, TX 78132

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