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SBA 7(a)Active, details exempt

Gelato Holdings LLC

BARRINGTON, ILThe Huntington National BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$346,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-05-29
8.25% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$4,244
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$163,254
over 10 yrs
TOTAL REPAID
$509,254

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
BARRINGTON, IL 60010
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
BARRINGTON, IL 60010

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