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SBA 7(a)Current

WELCH BOYS INC

Kemah, TXWells Fargo Bank National AssociationLandscaping Services · NAICS 561730
APPROVAL AMOUNT
$1,744,600
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-02-21
6.9% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$20,166
AT RATE
6.9%
recorded at approval
TOTAL INTEREST
$675,378
over 10 yrs
TOTAL REPAID
$2,419,978

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
Kemah, TX 77565
INDUSTRY
Landscaping Services · NAICS 561730
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.9%
LOAN STATUS
Current
Kemah, TX 77565

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