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SBA 7(a)Committed, not yet disbursed

Think Tank IT, Inc.

HIGHLAND PARK, ILJPMorgan Chase Bank, National AssociationComputing Infrastructure Providers, Data Processing, Web Hosting, and Related Services · NAICS 518210
APPROVAL AMOUNT
$400,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-11-04
10% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$5,286
AT RATE
10%
recorded at approval
TOTAL INTEREST
$234,324
over 10 yrs
TOTAL REPAID
$634,324

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
HIGHLAND PARK, IL 60035
INDUSTRY
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services · NAICS 518210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
10
HIGHLAND PARK, IL 60035

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