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SBA 7(a)Active, details exempt

7 SKIPS, INC.

CHARLOTTE, NCLive Oak Banking CompanyFurniture Merchant Wholesalers · NAICS 423210
APPROVAL AMOUNT
$4,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-05-24
5.25% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$42,917
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$1,150,002
over 10 yrs
TOTAL REPAID
$5,150,002

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
CHARLOTTE, NC 28217
INDUSTRY
Furniture Merchant Wholesalers · NAICS 423210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
09
CHARLOTTE, NC 28217

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