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SBA 7(a)Committed, not yet disbursed

Choo Choo Express Carwash

CHATTANOOGA, TNMonterey County BankCar Washes · NAICS 811192
APPROVAL AMOUNT
$1,255,700
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-24
9.75% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$11,190
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$2,101,304
over 25 yrs
TOTAL REPAID
$3,357,004

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
CHATTANOOGA, TN 37421
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
CHATTANOOGA, TN 37421

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