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SBA 7(a)Paid in Full

211 RAND ROAD, INC.

ARLINGTON HEIGHTS, ILMillennium BankCar Washes · NAICS 811192
APPROVAL AMOUNT
$1,625,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2016-06-15
5.5% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$9,979
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$1,368,677
over 25 yrs
TOTAL REPAID
$2,993,677

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
ARLINGTON HEIGHTS, IL 60004
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
08
ARLINGTON HEIGHTS, IL 60004

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