SBA 7(a)Committed, not yet disbursed

Rack Electric, LLC

BOCA RATON, FLParadise BankElectrical Contractors and Other Wiring Installation Contractors · NAICS 238210

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APPROVAL AMOUNT

$3,000,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-06-25

9.25% rate

JOBS SUPPORTED

175

Borrower-reported

Estimated monthly payment

MONTHLY

$38,410

AT RATE

9.25%

recorded at approval

TOTAL INTEREST

$1,609,178

over 10 yrs

TOTAL REPAID

$4,609,178

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

BOCA RATON, FL 33432

INDUSTRY

Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

9.25%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

BOCA RATON, FL 33432

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