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SBA 7(a)Active, details exempt

Jaded Toad BBQ & Grill

COTATI, CAReadycap Lending, LLCFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-07-12
15% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$835
AT RATE
15%
recorded at approval
TOTAL INTEREST
$42,729
over 9.3 yrs
TOTAL REPAID
$92,729

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
COTATI, CA 94931
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
15%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
COTATI, CA 94931

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