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SBA 7(a)Active, details exempt

Frey Enterprises, LLC

EVANS, GALuminate BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$600,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2021-09-08
5.5% rate
JOBS SUPPORTED
18
Borrower-reported

Estimated monthly payment

MONTHLY
$7,212
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$157,258
over 8.8 yrs
TOTAL REPAID
$757,258

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
EVANS, GA 30809
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
10
EVANS, GA 30809

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