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SBA 7(a)Paid in Full

The Frame Family Trust

Montrose, CACalifornia International Bank, A National Banking Association"Automotive Body, Paint, and Interior Repair and Maintenance" · NAICS 811121
APPROVAL AMOUNT
$850,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-03-26
8% rate
JOBS SUPPORTED
41
Borrower-reported

Estimated monthly payment

MONTHLY
$6,560
AT RATE
8%
recorded at approval
TOTAL INTEREST
$1,118,131
over 25 yrs
TOTAL REPAID
$1,968,131

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
Montrose, CA 91020
INDUSTRY
"Automotive Body, Paint, and Interior Repair and Maintenance" · NAICS 811121
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Paid in Full
Montrose, CA 91020

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