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SBA 7(a)Charged Off

CNTB Enterprise Inc.

Locust, NCUnited Community BankGeneral Automotive Repair · NAICS 811111
APPROVAL AMOUNT
$448,500
PROGRAM
SBA 7(a)
7 years term
APPROVED
2014-08-21
6% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$6,552
AT RATE
6%
recorded at approval
TOTAL INTEREST
$101,863
over 7 yrs
TOTAL REPAID
$550,363

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
Locust, NC 28097
INDUSTRY
General Automotive Repair · NAICS 811111
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Charged Off
Locust, NC 28097

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