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SBA 7(a)Committed, not yet disbursed

Sang Ku Park dba Color Coat Auto Body and Repair

HOUSTON, TXMetro City BankAutomotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
APPROVAL AMOUNT
$630,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-10
8% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$4,862
AT RATE
8%
recorded at approval
TOTAL INTEREST
$828,733
over 25 yrs
TOTAL REPAID
$1,458,733

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
HOUSTON, TX 77070
INDUSTRY
Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121
BUSINESS STRUCTURE
Individual
LOAN TERM
25 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
HOUSTON, TX 77070

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