SBA 7(a)Charged Off

CARDINAL RESTAURANT MANAGEMENT, LLC

Mt Juliet, TNStearns Bank National AssociationLimited-Service Restaurants · NAICS 722513

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APPROVAL AMOUNT

$315,000

PROGRAM

SBA 7(a)

6 years term

APPROVED

2016-07-27

6.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$5,382

AT RATE

6.25%

recorded at approval

TOTAL INTEREST

$61,714

over 5.8 yrs

TOTAL REPAID

$376,714

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

Mt Juliet, TN 37122

INDUSTRY

Limited-Service Restaurants · NAICS 722513

BUSINESS STRUCTURE

Corporation

LOAN TERM

6 years

INITIAL INTEREST RATE

6.25%

LOAN STATUS

Charged Off

Mt Juliet, TN 37122

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