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SBA 7(a)Paid in Full

Stewart-Richardson & Associates, Inc.

INDIANAPOLIS, INFirst Internet Bank of IndianaAll Other Professional, Scientific, and Technical Services · NAICS 541990
APPROVAL AMOUNT
$4,037,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-12-27
5.5% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$43,812
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$1,220,447
over 10 yrs
TOTAL REPAID
$5,257,447

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
INDIANAPOLIS, IN 46204
INDUSTRY
All Other Professional, Scientific, and Technical Services · NAICS 541990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
07
INDIANAPOLIS, IN 46204

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