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SBA 7(a)Paid in Full

Patriot Rentals LLC

MIDVALE, UTMountain America FCUConstruction, Mining, and Forestry Machinery and Equipment Rental and Leasing · NAICS 532412
APPROVAL AMOUNT
$1,080,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2020-12-11
4.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$6,003
AT RATE
4.5%
recorded at approval
TOTAL INTEREST
$720,897
over 25 yrs
TOTAL REPAID
$1,800,897

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
MIDVALE, UT 84047
INDUSTRY
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing · NAICS 532412
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
4.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
MIDVALE, UT 84047

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