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SBA 7(a)Active, details exempt

307 Main St LLC

NEWPORT NEWS, VAWells Fargo Bank National AssociationFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$562,300
PROGRAM
SBA 7(a)
15 years term
APPROVED
2025-09-22
7% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$5,054
AT RATE
7%
recorded at approval
TOTAL INTEREST
$347,440
over 15 yrs
TOTAL REPAID
$909,740

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
NEWPORT NEWS, VA 23601
INDUSTRY
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
NEWPORT NEWS, VA 23601

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