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SBA 7(a)Paid in Full

Star Gifts International, Inc.

MONTEREY PARK, CABank of America, National AssociationToy and Hobby Goods and Supplies Merchant Wholesalers · NAICS 423920
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-10-23
11% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$6,888
AT RATE
11%
recorded at approval
TOTAL INTEREST
$326,500
over 10 yrs
TOTAL REPAID
$826,500

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
MONTEREY PARK, CA 91754
INDUSTRY
Toy and Hobby Goods and Supplies Merchant Wholesalers · NAICS 423920
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
27
MONTEREY PARK, CA 91754

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