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SBA 7(a)Paid in Full

Silver and Company CPAS and Advisors P.C.

SOUTH BEND, INLive Oak Banking CompanyOffices of Certified Public Accountants · NAICS 541211
APPROVAL AMOUNT
$645,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-01-24
6% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$7,161
AT RATE
6%
recorded at approval
TOTAL INTEREST
$214,299
over 10 yrs
TOTAL REPAID
$859,299

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
SOUTH BEND, IN 46615
INDUSTRY
Offices of Certified Public Accountants · NAICS 541211
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
02
SOUTH BEND, IN 46615

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