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SBA 7(a)CANCLD

TRANSOCEAN EQUIPMENT MANAGEMENT, LLC

East Fayetteville, NCBank of America, National AssociationIndustrial Supplies Merchant Wholesalers · NAICS 423840
APPROVAL AMOUNT
$225,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-07-26
6.44% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$2,548
AT RATE
6.44%
recorded at approval
TOTAL INTEREST
$80,756
over 10 yrs
TOTAL REPAID
$305,756

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
East Fayetteville, NC 28301
INDUSTRY
Industrial Supplies Merchant Wholesalers · NAICS 423840
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.44%
LOAN STATUS
CANCLD
East Fayetteville, NC 28301

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