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SBA 7(a)Current

Solomon Ventures LLC

Spencer, TNThe Huntington National BankAll Other Plastics Product Manufacturing · NAICS 326199
APPROVAL AMOUNT
$3,660,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2025-09-02
9% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$30,715
AT RATE
9%
recorded at approval
TOTAL INTEREST
$5,554,376
over 25 yrs
TOTAL REPAID
$9,214,376

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
Spencer, TN 38585
INDUSTRY
All Other Plastics Product Manufacturing · NAICS 326199
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Current
Spencer, TN 38585

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