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SBA 7(a)Active, details exempt

Italiano's Pizza, Pasta and Subs

TEMPLE, TXFirst Merchants BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$1,196,700
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-09
9.5% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$15,485
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$661,501
over 10 yrs
TOTAL REPAID
$1,858,201

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
TEMPLE, TX 76504
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
31
TEMPLE, TX 76504

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