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SBA 7(a)Active, details exempt

PUERTO RICO APPAREL MANUFACTURING (PRAMA) CORP.

MAYAGUEZ, PRFirstBank Puerto RicoCut and Sew Apparel Contractors · NAICS 315210
APPROVAL AMOUNT
$4,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-11-22
6.75% rate
JOBS SUPPORTED
150
Borrower-reported

Estimated monthly payment

MONTHLY
$45,930
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$1,511,557
over 10 yrs
TOTAL REPAID
$5,511,557

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
MAYAGUEZ, PR 00682
INDUSTRY
Cut and Sew Apparel Contractors · NAICS 315210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
00
MAYAGUEZ, PR 00682

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