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SBA 7(a)Active, details exempt

Tropical Fish International

GARDENA, CANewtek Bank, National AssociationOther Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
APPROVAL AMOUNT
$3,500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-03-08
10.75% rate
JOBS SUPPORTED
65
Borrower-reported

Estimated monthly payment

MONTHLY
$47,719
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$2,226,225
over 10 yrs
TOTAL REPAID
$5,726,225

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
GARDENA, CA 90248
INDUSTRY
Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
43
GARDENA, CA 90248

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