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SBA 7(a)Active, details exempt

HONEST GRILL

CENTREVILLE, VALive Oak Banking CompanyFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$300,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-16
13% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$4,479
AT RATE
13%
recorded at approval
TOTAL INTEREST
$237,519
over 10 yrs
TOTAL REPAID
$537,519

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
CENTREVILLE, VA 20121
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
13%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
10
CENTREVILLE, VA 20121

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