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SBA 7(a)Paid in Full

PROWRAP

Sumas, WAWells Fargo Bank National AssociationFarm Machinery and Equipment Manufacturing · NAICS 333111
APPROVAL AMOUNT
$25,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2014-03-26
8.75% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$399
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$8,521
over 7 yrs
TOTAL REPAID
$33,521

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
Sumas, WA 98295
INDUSTRY
Farm Machinery and Equipment Manufacturing · NAICS 333111
BUSINESS STRUCTURE
Individual
LOAN TERM
7 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Paid in Full
Sumas, WA 98295

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