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SBA 7(a)Active, details exempt

Simmons Business Group LLC

SAINT AUGUSTINE, FLFDIC - Community Bank & Trust-West GeorgiaLandscaping Services · NAICS 561730
APPROVAL AMOUNT
$2,641,500
PROGRAM
SBA 7(a)
7 years term
APPROVED
2021-07-28
6% rate
JOBS SUPPORTED
70
Borrower-reported

Estimated monthly payment

MONTHLY
$39,740
AT RATE
6%
recorded at approval
TOTAL INTEREST
$577,420
over 6.8 yrs
TOTAL REPAID
$3,218,920

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
SAINT AUGUSTINE, FL 32086
INDUSTRY
Landscaping Services · NAICS 561730
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
SAINT AUGUSTINE, FL 32086

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