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SBA 7(a)Active, details exempt

Zerorez of Nashville

ALPHARETTA, GANewtek Small Business Finance, Inc.Carpet and Upholstery Cleaning Services · NAICS 561740
APPROVAL AMOUNT
$3,500,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2022-02-15
6% rate
JOBS SUPPORTED
27
Borrower-reported

Estimated monthly payment

MONTHLY
$42,020
AT RATE
6%
recorded at approval
TOTAL INTEREST
$1,038,173
over 9 yrs
TOTAL REPAID
$4,538,173

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
ALPHARETTA, GA 30022
INDUSTRY
Carpet and Upholstery Cleaning Services · NAICS 561740
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
ALPHARETTA, GA 30022

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