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SBA 7(a)Active, details exempt

Reliable Collision Center Inc.

NORTH HOLLYWOOD, CAEnterprise Bank & TrustAutomotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
APPROVAL AMOUNT
$1,976,200
PROGRAM
SBA 7(a)
25 years term
APPROVED
2023-08-21
9.75% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$17,611
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$3,306,997
over 25 yrs
TOTAL REPAID
$5,283,197

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
NORTH HOLLYWOOD, CA 91605
INDUSTRY
Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
28
NORTH HOLLYWOOD, CA 91605

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