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SBA 7(a)Active, details exempt

R.N. Bowman, LLC

CEDAR RAPIDS, IAFirst Internet Bank of IndianaAll Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
APPROVAL AMOUNT
$2,054,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2021-09-07
6% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$30,297
AT RATE
6%
recorded at approval
TOTAL INTEREST
$460,658
over 6.9 yrs
TOTAL REPAID
$2,514,658

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
CEDAR RAPIDS, IA 52402
INDUSTRY
All Other Miscellaneous Store Retailers (except Tobacco Stores) · NAICS 453998
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
CEDAR RAPIDS, IA 52402

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