SBA lending record

MASRATH INTERNATIONAL, INC

1505 & 1510 HILLABEE ST, Alexander City, AL 35010 · Gasoline Stations with Convenience Stores. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$2.1M

Total SBA financing

Loans on record

FY2020–21

On record

Jobs supported

● business · ● lender — business location is the ZIP-area centroid from the public record

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All 3 loans

$700,000 — FY2021

Loan 1 of 3

Gross approval: $700,000
SBA guaranteed: $525,000 (75%)
Status: Current
Rate at approval: 4.75% v
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/14/2020
First disbursement: 11/30/2020
Days to fund: 47 days
Collateral: Required
Sold on secondary market: Yes

The lender

PromiseOne Bank

3 loans to this business

Total assets: $840.4B
Deposits: $762.1B
Loans outstanding: $603.1B
Net income: $3.0B
Return on assets: 1.4441251042525503%
Return on equity: 17.78%
Total equity: $68.5B
Offices: 10
Founded: 11/0
Headquarters: 2385 Pleasant Hill Rd, Duluth, GA, 30096
FDIC cert: 58657
Website: http://www.promiseone.bank

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with MASRATH INTERNATIONAL, INC.