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SBA 7(a)Active, details exempt

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GAITHERSBURG, MDBank of Oak RidgeCommercial Screen Printing · NAICS 323113
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APPROVAL AMOUNT
$1,134,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-03-26
10.75% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$15,461
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$721,297
over 10 yrs
TOTAL REPAID
$1,855,297

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
GAITHERSBURG, MD 20877
INDUSTRY
Commercial Screen Printing · NAICS 323113
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
GAITHERSBURG, MD 20877

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