SBA 7(a)Committed, not yet disbursed

SIMMONS DEPENDABLE TRUCKING COMPANY LLC

LOCUST GROVE, GALiftFund, Inc.General Freight Trucking, Long-Distance, Truckload · NAICS 484121

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APPROVAL AMOUNT

$120,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-06-10

12.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$1,774

AT RATE

12.75%

recorded at approval

TOTAL INTEREST

$92,889

over 10 yrs

TOTAL REPAID

$212,889

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

LOCUST GROVE, GA 30248

INDUSTRY

General Freight Trucking, Long-Distance, Truckload · NAICS 484121

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

12.75%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

LOCUST GROVE, GA 30248

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