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SBA 7(a)Committed, not yet disbursed

SERVPRO of Kosciusko, Philadelphia, Greenwood

FAIRHOPE, ALLive Oak Banking CompanyRemediation Services · NAICS 562910
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-03-04
9% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$4,434
AT RATE
9%
recorded at approval
TOTAL INTEREST
$182,038
over 10 yrs
TOTAL REPAID
$532,038

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
FAIRHOPE, AL 36532
INDUSTRY
Remediation Services · NAICS 562910
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
FAIRHOPE, AL 36532

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