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SBA 7(a)Committed, not yet disbursed

RIO CARRIERS INC.

MOUNT PROSPECT, ILThe Huntington National BankGeneral Freight Trucking, Long-Distance, Truckload · NAICS 484121
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2024-09-11
10.5% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$7,523
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$101,372
over 5 yrs
TOTAL REPAID
$451,372

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
MOUNT PROSPECT, IL 60056
INDUSTRY
General Freight Trucking, Long-Distance, Truckload · NAICS 484121
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
MOUNT PROSPECT, IL 60056

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