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SBA 7(a)Committed, not yet disbursed

Rite-Way Foundations

ALPHARETTA, GAFirst Internet Bank of IndianaPoured Concrete Foundation and Structure Contractors · NAICS 238110
APPROVAL AMOUNT
$3,088,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-23
9% rate
JOBS SUPPORTED
70
Borrower-reported

Estimated monthly payment

MONTHLY
$39,117
AT RATE
9%
recorded at approval
TOTAL INTEREST
$1,606,097
over 10 yrs
TOTAL REPAID
$4,694,097

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
ALPHARETTA, GA 30004
INDUSTRY
Poured Concrete Foundation and Structure Contractors · NAICS 238110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
ALPHARETTA, GA 30004

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