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SBA 7(a)Active, details exempt

Atomic Express Car Wash

NORTHBROOK, ILCeltic Bank CorporationCar Washes · NAICS 811192
APPROVAL AMOUNT
$5,000,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2023-03-29
10.5% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$46,841
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$9,614,535
over 26 yrs
TOTAL REPAID
$14,614,535

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
NORTHBROOK, IL 60062
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
NORTHBROOK, IL 60062

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