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SBA 7(a)Paid in Full

Paulette Mitchell

LANCASTER, CABank of America, National AssociationSheet Metal Work Manufacturing · NAICS 332322
APPROVAL AMOUNT
$1,684,900
PROGRAM
SBA 7(a)
25 years term
APPROVED
2018-07-09
5.25% rate
JOBS SUPPORTED
42
Borrower-reported

Estimated monthly payment

MONTHLY
$10,097
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$1,344,117
over 25 yrs
TOTAL REPAID
$3,029,017

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
LANCASTER, CA 93535
INDUSTRY
Sheet Metal Work Manufacturing · NAICS 332322
BUSINESS STRUCTURE
Individual
LOAN TERM
25 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
08
LANCASTER, CA 93535

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