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SBA 7(a)Active, details exempt

outsourceIT, Inc.

WINSTON SALEM, NCWells Fargo Bank National AssociationComputer Systems Design Services · NAICS 541512
APPROVAL AMOUNT
$1,100,000
PROGRAM
SBA 7(a)
12 years term
APPROVED
2010-08-23
6% rate
JOBS SUPPORTED
50
Borrower-reported

Estimated monthly payment

MONTHLY
$10,536
AT RATE
6%
recorded at approval
TOTAL INTEREST
$459,370
over 12.3 yrs
TOTAL REPAID
$1,559,370

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
WINSTON SALEM, NC 27101
INDUSTRY
Computer Systems Design Services · NAICS 541512
BUSINESS STRUCTURE
Corporation
LOAN TERM
12 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
WINSTON SALEM, NC 27101

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