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SBA 7(a)Active, details exempt

Sandhills Trailer Sales, Inc.

SANFORD, NCThe Fidelity BankTruck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing · NAICS 532120
APPROVAL AMOUNT
$863,500
PROGRAM
SBA 7(a)
23 years term
APPROVED
2022-05-25
6.25% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$5,896
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$769,608
over 23.1 yrs
TOTAL REPAID
$1,633,108

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
SANFORD, NC 27332
INDUSTRY
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing · NAICS 532120
BUSINESS STRUCTURE
Corporation
LOAN TERM
23 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
SANFORD, NC 27332

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