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SBA 7(a)Committed, not yet disbursed

Champion Distributing Group

ROCKY MOUNT, NCNewtek Bank, National AssociationBeer and Ale Merchant Wholesalers · NAICS 424810
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-01
9.75% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$4,577
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$199,235
over 10 yrs
TOTAL REPAID
$549,235

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
ROCKY MOUNT, NC 27804
INDUSTRY
Beer and Ale Merchant Wholesalers · NAICS 424810
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
ROCKY MOUNT, NC 27804

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