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SBA 7(a)Paid in Full

Gokul Banquet LLC

DULUTH, GAAmeris BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$2,600,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2016-05-13
5% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$14,930
AT RATE
5%
recorded at approval
TOTAL INTEREST
$2,043,332
over 25.9 yrs
TOTAL REPAID
$4,643,332

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
DULUTH, GA 30096
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
07
DULUTH, GA 30096

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