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SBA 7(a)Paid in Full

Shawn's Auto Body & Paint, LLC

Rockport, INFirst Federal Savings Bank"Automotive Body, Paint, and Interior Repair and Maintenance" · NAICS 811121
APPROVAL AMOUNT
$136,200
PROGRAM
SBA 7(a)
20 years term
APPROVED
2017-12-26
6.5% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$1,015
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$107,513
over 20 yrs
TOTAL REPAID
$243,713

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
Rockport, IN 47635
INDUSTRY
"Automotive Body, Paint, and Interior Repair and Maintenance" · NAICS 811121
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Paid in Full
Rockport, IN 47635

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