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SBA 7(a)Committed, not yet disbursed

Raincon, Inc.

PHOENIX, AZArizona Capital SourceHighway, Street, and Bridge Construction · NAICS 237310
APPROVAL AMOUNT
$214,200
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-18
10.75% rate
JOBS SUPPORTED
25
Borrower-reported

Estimated monthly payment

MONTHLY
$2,920
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$136,245
over 10 yrs
TOTAL REPAID
$350,445

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
PHOENIX, AZ 85014
INDUSTRY
Highway, Street, and Bridge Construction · NAICS 237310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
07
PHOENIX, AZ 85014

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