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SBA 7(a)Active, details exempt

Summit Concrete Inc.

LEES SUMMIT, MOCommerce BankPoured Concrete Foundation and Structure Contractors · NAICS 238110
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APPROVAL AMOUNT
$2,570,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2017-12-28
5.75% rate
JOBS SUPPORTED
40
Borrower-reported

Estimated monthly payment

MONTHLY
$50,858
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$379,756
over 4.8 yrs
TOTAL REPAID
$2,949,756

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
LEES SUMMIT, MO 64064
INDUSTRY
Poured Concrete Foundation and Structure Contractors · NAICS 238110
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
05
LEES SUMMIT, MO 64064

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