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SBA 7(a)Active, details exempt

Western Gravel Constructors, LLC

MONTROSE, COTimberline BankOther Heavy and Civil Engineering Construction · NAICS 237990
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APPROVAL AMOUNT
$400,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-07-09
5% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$4,243
AT RATE
5%
recorded at approval
TOTAL INTEREST
$109,114
over 10 yrs
TOTAL REPAID
$509,114

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
MONTROSE, CO 81401
INDUSTRY
Other Heavy and Civil Engineering Construction · NAICS 237990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
MONTROSE, CO 81401

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