Find Lenders
SBA 7(a)Active, details exempt

Royal Hooks

LATHROP, CANewtek Bank, National AssociationMotor Vehicle Supplies and New Parts Merchant Wholesalers · NAICS 423120
APPROVAL AMOUNT
$1,375,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2023-10-24
11.5% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$13,976
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$2,817,934
over 25 yrs
TOTAL REPAID
$4,192,934

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
LATHROP, CA 95330
INDUSTRY
Motor Vehicle Supplies and New Parts Merchant Wholesalers · NAICS 423120
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
09
LATHROP, CA 95330

Other loans from this lender · Newtek Bank, National Association

View all 12,006 loans from Newtek Bank, National Association

Nearby loans · within 10 miles