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SBA 7(a)Active, details exempt

WATER DAMAGE RESCUE, INC.

CANOGA PARK, CANewtek Small Business Finance, Inc.All Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$807,000
PROGRAM
SBA 7(a)
23 years term
APPROVED
2022-08-15
8.25% rate
JOBS SUPPORTED
130
Borrower-reported

Estimated monthly payment

MONTHLY
$6,558
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$983,466
over 22.8 yrs
TOTAL REPAID
$1,790,466

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
CANOGA PARK, CA 91303
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
23 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
30
CANOGA PARK, CA 91303

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