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SBA 7(a)Charged Off

ARB Group Inc dba SAV Marketplace

Marengo, ILFirst Internet Bank of IndianaGasoline Stations with Convenience Stores · NAICS 457110
APPROVAL AMOUNT
$815,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2023-03-08
10.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$15,202
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$279,509
over 6 yrs
TOTAL REPAID
$1,094,509

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
Marengo, IL 60152
INDUSTRY
Gasoline Stations with Convenience Stores · NAICS 457110
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Charged Off
Marengo, IL 60152

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