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SBA 7(a)Active, details exempt

Safe Ride Solutions, Inc.

ATLANTA, GAAccess to Capital for EntrepreneursAll Other Transit and Ground Passenger Transportation · NAICS 485999
APPROVAL AMOUNT
$152,500
PROGRAM
SBA 7(a)
7 years term
APPROVED
2019-04-05
9.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$2,600
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$55,492
over 6.7 yrs
TOTAL REPAID
$207,992

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
ATLANTA, GA 30309
INDUSTRY
All Other Transit and Ground Passenger Transportation · NAICS 485999
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
05
ATLANTA, GA 30309

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