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SBA 7(a)Active, details exempt

Henceforth, DC

WASHINGTON, DCFirst Internet Bank of IndianaFood Service Contractors · NAICS 722310
APPROVAL AMOUNT
$2,205,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2023-11-18
11.25% rate
JOBS SUPPORTED
26
Borrower-reported

Estimated monthly payment

MONTHLY
$29,534
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$1,604,909
over 10.8 yrs
TOTAL REPAID
$3,809,909

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
WASHINGTON, DC 20002
INDUSTRY
Food Service Contractors · NAICS 722310
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
00
WASHINGTON, DC 20002

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