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SBA 7(a)Current

Rudy Starr Electric Company Incorporated

Colfax, NCReadycap Lending, LLCElectrical Contractors · NAICS 238210
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-09
15% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$807
AT RATE
15%
recorded at approval
TOTAL INTEREST
$46,801
over 10 yrs
TOTAL REPAID
$96,801

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
Colfax, NC 27235
INDUSTRY
Electrical Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
15%
LOAN STATUS
Current
Colfax, NC 27235

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