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SBA 7(a)Charged Off

Sweigarts Garage Inc

Reinholds, PABayFirst National BankAll Other Automotive Repair and Maintenance · NAICS 811198
APPROVAL AMOUNT
$200,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2017-09-13
7% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$3,488
AT RATE
7%
recorded at approval
TOTAL INTEREST
$44,179
over 5.8 yrs
TOTAL REPAID
$244,179

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
Reinholds, PA 17569
INDUSTRY
All Other Automotive Repair and Maintenance · NAICS 811198
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Charged Off
Reinholds, PA 17569

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