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SBA 7(a)Active, details exempt

COMFORT INN HAMMOND INDIANA

DYER, INGBankHotels (except Casino Hotels) and Motels · NAICS 721110
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APPROVAL AMOUNT
$5,000,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2025-09-25
8.5% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$40,261
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$7,078,406
over 25 yrs
TOTAL REPAID
$12,078,406

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
DYER, IN 46311
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
DYER, IN 46311

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