Find Lenders
SBA 7(a)Paid in Full

Summit Building Solutions, Inc.

EDGEWATER, MDManufacturers and Traders Trust CompanyOther Scientific and Technical Consulting Services · NAICS 541690
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-07-14
12% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$3,587
AT RATE
12%
recorded at approval
TOTAL INTEREST
$180,413
over 10 yrs
TOTAL REPAID
$430,413

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
EDGEWATER, MD 21037
INDUSTRY
Other Scientific and Technical Consulting Services · NAICS 541690
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
12%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
EDGEWATER, MD 21037

Other loans from this lender · Manufacturers and Traders Trust Company

View all 45,337 loans from Manufacturers and Traders Trust Company

Nearby loans · within 10 miles