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SBA 7(a)Paid in Full

Caterer's, Inc.

VIENNA, VABeacon Bank and TrustCaterers · NAICS 722320
APPROVAL AMOUNT
$893,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2018-02-07
7.25% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$6,432
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$1,055,910
over 25.3 yrs
TOTAL REPAID
$1,948,910

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
VIENNA, VA 22182
INDUSTRY
Caterers · NAICS 722320
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
10
VIENNA, VA 22182

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