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SBA 7(a)Paid in Full

AshKris Corp.

Ironton, OHStearns Bank National AssociationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$345,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2015-07-28
6% rate
JOBS SUPPORTED
50
Borrower-reported

Estimated monthly payment

MONTHLY
$3,697
AT RATE
6%
recorded at approval
TOTAL INTEREST
$120,845
over 10.5 yrs
TOTAL REPAID
$465,845

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
Ironton, OH 45638
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
Ironton, OH 45638

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