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SBA 7(a)Current

Emricci Pizzeria

Locust, NCCeltic Bank CorporationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-04-12
6.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$1,684
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$52,104
over 10 yrs
TOTAL REPAID
$202,104

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
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Current
Locust, NC 28097

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