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SBA 7(a)Current

Funky Fork Inc.

Sachse, TXSouthState Bank, National AssociationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$711,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-01-18
10.25% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$9,495
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$428,355
over 10 yrs
TOTAL REPAID
$1,139,355

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
Sachse, TX 75048
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Current
Sachse, TX 75048

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