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SBA 7(a)Active, details exempt

BAYMONT BY WYNDHAM

LAKE CITY, FLGBankHotels (except Casino Hotels) and Motels · NAICS 721110
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APPROVAL AMOUNT
$3,435,200
PROGRAM
SBA 7(a)
25 years term
APPROVED
2025-01-23
8.5% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$27,661
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$4,863,148
over 25 yrs
TOTAL REPAID
$8,298,348

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
LAKE CITY, FL 32055
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
LAKE CITY, FL 32055

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