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SBA 7(a)Active, details exempt

HOTWORX ELKHART, IN

GRANGER, INFirst Bank of the LakeFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$539,300
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-04-08
9% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$6,450
AT RATE
9%
recorded at approval
TOTAL INTEREST
$312,161
over 11 yrs
TOTAL REPAID
$851,461

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
GRANGER, IN 46530
INDUSTRY
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
GRANGER, IN 46530

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