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SBA 7(a)Paid in Full

Usrey Drilling

Nogal, NMThe Bank of ClovisWater and Sewer Line and Related Structures Construction · NAICS 237110
APPROVAL AMOUNT
$125,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2011-09-23
7.7% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$1,497
AT RATE
7.7%
recorded at approval
TOTAL INTEREST
$54,622
over 10 yrs
TOTAL REPAID
$179,622

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
Nogal, NM 88341
INDUSTRY
Water and Sewer Line and Related Structures Construction · NAICS 237110
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
7.7%
LOAN STATUS
Paid in Full
Nogal, NM 88341

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