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MORRISTOWN, TNNewtek Bank, National AssociationAll Other Automotive Repair and Maintenance · NAICS 811198
APPROVAL AMOUNT
$300,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-03-17
9.75% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$2,673
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$502,024
over 25 yrs
TOTAL REPAID
$802,024

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
MORRISTOWN, TN 37814
INDUSTRY
All Other Automotive Repair and Maintenance · NAICS 811198
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
MORRISTOWN, TN 37814

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