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SBA 7(a)Committed, not yet disbursed

Ravin Title and Closing Services LLC

WILMINGTON, NCNortheast BankTitle Abstract and Settlement Offices · NAICS 541191
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APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-30
9.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$654
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$28,462
over 10 yrs
TOTAL REPAID
$78,462

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
WILMINGTON, NC 28411
INDUSTRY
Title Abstract and Settlement Offices · NAICS 541191
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
07
WILMINGTON, NC 28411

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