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SBA 7(a)Active, details exempt

Flaming Cow 29406 LLC

NORTH CHARLESTON, SCNewtek Bank, National AssociationFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$225,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2023-10-26
11.5% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$3,529
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$124,363
over 8.3 yrs
TOTAL REPAID
$349,363

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
NORTH CHARLESTON, SC 29406
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
NORTH CHARLESTON, SC 29406

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