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SBA 7(a)Current

SMC FORGE LLC

Oak City, UTWells Fargo Bank National AssociationMetal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing · NAICS 332215
APPROVAL AMOUNT
$7,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-09-22
8.75% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$94
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$3,779
over 10 yrs
TOTAL REPAID
$11,279

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
Oak City, UT 84649
INDUSTRY
Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing · NAICS 332215
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Current
Oak City, UT 84649

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