SBA 7(a)Active, details exempt

Velocity Manufacturing Group LLC

MOORESVILLE, NCPinnacle BankAll Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999

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APPROVAL AMOUNT

$1,989,000

PROGRAM

SBA 7(a)

11 years term

APPROVED

2026-02-26

8.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$23,917

AT RATE

8.5%

recorded at approval

TOTAL INTEREST

$1,024,489

over 10.5 yrs

TOTAL REPAID

$3,013,489

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

MOORESVILLE, NC 28115

INDUSTRY

All Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999

BUSINESS STRUCTURE

Corporation

LOAN TERM

11 years

INITIAL INTEREST RATE

8.5%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

MOORESVILLE, NC 28115

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