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SBA 7(a)Active, details exempt

Stronghold Construction Inc

WEAVERVILLE, NCVelocitySBA, LLCRoofing Contractors · NAICS 238160
APPROVAL AMOUNT
$810,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2023-07-21
11% rate
JOBS SUPPORTED
42
Borrower-reported

Estimated monthly payment

MONTHLY
$11,783
AT RATE
11%
recorded at approval
TOTAL INTEREST
$474,369
over 9.1 yrs
TOTAL REPAID
$1,284,369

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
WEAVERVILLE, NC 28787
INDUSTRY
Roofing Contractors · NAICS 238160
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
WEAVERVILLE, NC 28787

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