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SBA 7(a)Committed, not yet disbursed

Rynok Industries Inc

HOOVER, ALCommunity Bank of MississippiConstruction, Mining, and Forestry Machinery and Equipment Rental and Leasing · NAICS 532412
APPROVAL AMOUNT
$2,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-27
6.75% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$22,965
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$755,779
over 10 yrs
TOTAL REPAID
$2,755,779

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
HOOVER, AL 35226
INDUSTRY
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing · NAICS 532412
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
HOOVER, AL 35226

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