SBA 7(a)Paid in Full

Bachan Singh Ghangas LLC

BAKERSFIELD, CAOpen BankGasoline Stations with Convenience Stores · NAICS 447110

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APPROVAL AMOUNT

$3,800,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2019-06-13

7% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$26,858

AT RATE

recorded at approval

TOTAL INTEREST

$4,257,283

over 25 yrs

TOTAL REPAID

$8,057,283

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

BAKERSFIELD, CA 93313

INDUSTRY

Gasoline Stations with Convenience Stores · NAICS 447110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

BAKERSFIELD, CA 93313

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