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SBA 7(a)Current

R.W. Machine & Tool, Inc.

Ravenna, OHFirst Bank"Bolt, Nut, Screw, Rivet, and Washer Manufacturing" · NAICS 332722
APPROVAL AMOUNT
$2,002,600
PROGRAM
SBA 7(a)
25 years term
APPROVED
2025-09-15
9.25% rate
JOBS SUPPORTED
26
Borrower-reported

Estimated monthly payment

MONTHLY
$17,150
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$3,142,371
over 25 yrs
TOTAL REPAID
$5,144,971

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
Ravenna, OH 44266
INDUSTRY
"Bolt, Nut, Screw, Rivet, and Washer Manufacturing" · NAICS 332722
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Current
Ravenna, OH 44266

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