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SBA 7(a)Active, details exempt

BarMasters LLC

MELBOURNE, FLU.S. Bank, National AssociationCaterers · NAICS 722320
APPROVAL AMOUNT
$1,517,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-04-16
9% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$19,217
AT RATE
9%
recorded at approval
TOTAL INTEREST
$789,006
over 10 yrs
TOTAL REPAID
$2,306,006

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
MELBOURNE, FL 32940
INDUSTRY
Caterers · NAICS 722320
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
MELBOURNE, FL 32940

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