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SBA 7(a)Active, details exempt

Healthy Foods Initiative, LLC

NORTH PALM BEACH, FLTruist BankLimited-Service Restaurants · NAICS 722513
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APPROVAL AMOUNT
$396,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-07-07
6.25% rate
JOBS SUPPORTED
24
Borrower-reported

Estimated monthly payment

MONTHLY
$4,501
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$135,073
over 9.8 yrs
TOTAL REPAID
$531,073

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 PALM BEACH, FL 33408
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
18
NORTH PALM BEACH, FL 33408

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