SBA 7(a)Active, details exempt

121 East Tamarack LLC

INGLEWOOD, CAUS Metro BankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$1,860,000

PROGRAM

SBA 7(a)

24 years term

APPROVED

2023-04-28

9.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$16,711

AT RATE

9.75%

recorded at approval

TOTAL INTEREST

$2,986,330

over 24.2 yrs

TOTAL REPAID

$4,846,330

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

INGLEWOOD, CA 90301

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

24 years

INITIAL INTEREST RATE

9.75%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

INGLEWOOD, CA 90301

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