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SBA 7(a)Current

Poolesville Lawn Equipment, Inc.

Poolesville, MDManufacturers and Traders Trust CompanyHardware Stores · NAICS 444130
APPROVAL AMOUNT
$70,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-06-05
7.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$840
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$30,809
over 10 yrs
TOTAL REPAID
$100,809

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
Poolesville, MD 20837
INDUSTRY
Hardware Stores · NAICS 444130
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Current
Poolesville, MD 20837

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