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SBA 7(a)Current

El Pitayo Mexican Kitchen LLC

Jarrell, TXLendingClub Bank, National AssociationFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$515,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2024-05-08
10.5% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$4,863
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$943,761
over 25 yrs
TOTAL REPAID
$1,458,761

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
Jarrell, TX 76537
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Current
Jarrell, TX 76537

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