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SBA 7(a)Active, details exempt

SHERWOOD SPORTHORSES INC.

MONTGOMERY, TXNewtek Small Business Finance, Inc.Pet Care (except Veterinary) Services · NAICS 812910
APPROVAL AMOUNT
$1,125,000
PROGRAM
SBA 7(a)
22 years term
APPROVED
2020-01-07
7.5% rate
JOBS SUPPORTED
24
Borrower-reported

Estimated monthly payment

MONTHLY
$8,713
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$1,175,296
over 22 yrs
TOTAL REPAID
$2,300,296

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
MONTGOMERY, TX 77316
INDUSTRY
Pet Care (except Veterinary) Services · NAICS 812910
BUSINESS STRUCTURE
Corporation
LOAN TERM
22 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
MONTGOMERY, TX 77316

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