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SBA 7(a)Active, details exempt

Brewteaful Life, LLC

BOERNE, TXFirst Internet Bank of IndianaSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$663,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-06-10
6.75% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$7,797
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$241,460
over 9.7 yrs
TOTAL REPAID
$904,460

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
BOERNE, TX 78006
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
21
BOERNE, TX 78006

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