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SBA 7(a)Active, details exempt

Coffee Dash

MAURICE, LACeltic Bank CorporationSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$40,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2022-08-24
9.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$628
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$15,237
over 7.3 yrs
TOTAL REPAID
$55,237

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
MAURICE, LA 70555
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Individual
LOAN TERM
7 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
MAURICE, LA 70555

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