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SBA 7(a)Charged Off

Churneys bodyworks inc

Warrensville Heights, OHFirst National Bank of PennsylvaniaNew Car Dealers · NAICS 441110
APPROVAL AMOUNT
$1,581,000
PROGRAM
SBA 7(a)
20 years term
APPROVED
2011-06-01
5.75% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$11,100
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$1,082,986
over 20 yrs
TOTAL REPAID
$2,663,986

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
Warrensville Heights, OH 44146
INDUSTRY
New Car Dealers · NAICS 441110
BUSINESS STRUCTURE
Individual
LOAN TERM
20 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Charged Off
Warrensville Heights, OH 44146

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