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SBA 7(a)Paid in Full

FABLE AND SPIRIT, Inc.

NEWPORT BEACH, CAAmerican Business BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,400,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2018-12-18
7.75% rate
JOBS SUPPORTED
49
Borrower-reported

Estimated monthly payment

MONTHLY
$16,272
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$650,317
over 10.5 yrs
TOTAL REPAID
$2,050,317

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
NEWPORT BEACH, CA 92663
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
48
NEWPORT BEACH, CA 92663

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