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SBA 7(a)Committed, not yet disbursed

CHATMAN'S CROSSROAD KITCHEN

TAYLORSVILLE, MSCovington County BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$118,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-26
7.75% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$1,416
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$51,935
over 10 yrs
TOTAL REPAID
$169,935

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
TAYLORSVILLE, MS 39168
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
TAYLORSVILLE, MS 39168

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