Laserfiche WebLink
EXhaLE <br /> LOAN APPLICATION <br /> <br />Purpose: To construct a new commercial building <br /> <br /> CONVENTIONAL <br /> CO~&~ERCIAL LOAN <br /> <br />Cost $ 800,000 <br />Dow~ P aymemt 80,000 <br />Amount Financed $ 720,000 <br />Ter~ tO Yrs. <br />Rate 16% <br />Monthly Payments $ 12,061 <br />Payback $1,447,320 <br />Interest $ 727,320 <br /> <br /> SBA 503 LOA~N <br /> <br />Cost $ 800,000 BAN/< SBA <br />Dow~ Payment 80,000 ' <br />A_mount Financed $ 720,000 $400,000 $ 320,000 <br />Term 10 Yrs. 25 Yrs. <br />Rate 16% 13% <br />Monthly Payments $ 10,3001 $ 6,700 $ 3,600 <br />Payback $!, 884,000 $ 804,000 $1,080,000 <br />Interest $1,164~000 $404,000 $ 760,000 <br /> <br />1120 Months @ $10,300 <br /> 180 months @ $ 3,600 <br /> <br />Monthly payments on SBA loan package are 85% of the conventional financing. <br /> <br /> <br />