Find Lenders
SBA 7(a)Paid in Full

Watson Pump & Well Drilling Inc.

LEONARDTOWN, MDBank of America, National AssociationOil and Gas Pipeline and Related Structures Construction · NAICS 237120
APPROVAL AMOUNT
$337,500
PROGRAM
SBA 7(a)
8 years term
APPROVED
2020-01-06
2.99% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$3,957
AT RATE
2.99%
recorded at approval
TOTAL INTEREST
$42,391
over 8 yrs
TOTAL REPAID
$379,891

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
LEONARDTOWN, MD 20650
INDUSTRY
Oil and Gas Pipeline and Related Structures Construction · NAICS 237120
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
2.99%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
05
LEONARDTOWN, MD 20650

Other loans from this lender · Bank of America, National Association

View all 107,001 loans from Bank of America, National Association

Nearby loans · within 10 miles