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SBA 7(a)Committed, not yet disbursed

Velazquez Food Mart El Rey Del Cruce Inc.

LAS PIEDRAS, PRBanco Popular de Puerto RicoConvenience Retailers · NAICS 445131
APPROVAL AMOUNT
$30,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-29
11.5% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$422
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$20,614
over 10 yrs
TOTAL REPAID
$50,614

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
LAS PIEDRAS, PR 00771
INDUSTRY
Convenience Retailers · NAICS 445131
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
00
LAS PIEDRAS, PR 00771

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