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SBA 7(a)Active, details exempt

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ROSWELL, GAReadycap Lending, LLCOther Personal and Household Goods Repair and Maintenance · NAICS 811490
APPROVAL AMOUNT
$1,625,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-06-10
11.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$23,379
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$1,016,883
over 9.4 yrs
TOTAL REPAID
$2,641,883

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
ROSWELL, GA 30076
INDUSTRY
Other Personal and Household Goods Repair and Maintenance · NAICS 811490
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
ROSWELL, GA 30076

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