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SBA 7(a)Paid in Full

Banke Bihari LLC

CARPINTERIA, CAWestern State BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$325,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-02-24
5.5% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$3,527
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$98,252
over 10 yrs
TOTAL REPAID
$423,252

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
CARPINTERIA, CA 93013
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
24
CARPINTERIA, CA 93013

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