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SBA 7(a)Active, details exempt

Rice Plumbing

GULF SHORES, ALSouthState Bank, National AssociationPlumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
APPROVAL AMOUNT
$567,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-11-10
10.5% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$7,658
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$351,407
over 10 yrs
TOTAL REPAID
$918,907

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
GULF SHORES, AL 36542
INDUSTRY
Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
GULF SHORES, AL 36542

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