Find Lenders
SBA 7(a)Active, details exempt

Solmar Precision Machining LLC

RAMONA, CAFirst Bank of the LakeMachine Shops · NAICS 332710
APPROVAL AMOUNT
$714,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-12-22
6% rate
JOBS SUPPORTED
48
Borrower-reported

Estimated monthly payment

MONTHLY
$7,927
AT RATE
6%
recorded at approval
TOTAL INTEREST
$237,224
over 10 yrs
TOTAL REPAID
$951,224

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
RAMONA, CA 92065
INDUSTRY
Machine Shops · NAICS 332710
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
50
RAMONA, CA 92065

Other loans from this lender · First Bank of the Lake

View all 2,452 loans from First Bank of the Lake

Nearby loans · within 10 miles