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SBA 7(a)Charged Off

Bev's Sweets LLC

Cleveland, GANewtek Small Business Finance, Inc.All Other Support Services · NAICS 561990
APPROVAL AMOUNT
$855,000
PROGRAM
SBA 7(a)
24 years term
APPROVED
2019-09-04
8% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$6,718
AT RATE
8%
recorded at approval
TOTAL INTEREST
$1,052,878
over 23.7 yrs
TOTAL REPAID
$1,907,878

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
Cleveland, GA 30528
INDUSTRY
All Other Support Services · NAICS 561990
BUSINESS STRUCTURE
Corporation
LOAN TERM
24 years
INITIAL INTEREST RATE
8%
LOAN STATUS
Charged Off
Cleveland, GA 30528

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