SBA 7(a)Active, details exempt

Bayside Body Shop

KILL DEVIL HILLS, NCFirst BankAutomotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

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APPROVAL AMOUNT

$1,485,900

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-05-01

9.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$19,431

AT RATE

9.75%

recorded at approval

TOTAL INTEREST

$845,838

over 10 yrs

TOTAL REPAID

$2,331,738

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

KILL DEVIL HILLS, NC 27948

INDUSTRY

Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

9.75%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

KILL DEVIL HILLS, NC 27948

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