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SBA 7(a)Paid in Full

J s Crab N Wing LLC

DESOTO, TXFirst State BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$486,100
PROGRAM
SBA 7(a)
25 years term
APPROVED
2022-04-06
5.5% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$2,985
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$409,424
over 25 yrs
TOTAL REPAID
$895,524

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
DESOTO, TX 75115
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
30
DESOTO, TX 75115

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