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SBA 7(a)Active, details exempt

Jamestown quick stop llc

HUDSONVILLE, MINewtek Small Business Finance, Inc.Beer, Wine, and Liquor Stores · NAICS 445310
APPROVAL AMOUNT
$265,000
PROGRAM
SBA 7(a)
21 years term
APPROVED
2019-05-23
8.25% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$2,216
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$293,458
over 21 yrs
TOTAL REPAID
$558,458

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
HUDSONVILLE, MI 49426
INDUSTRY
Beer, Wine, and Liquor Stores · NAICS 445310
BUSINESS STRUCTURE
Corporation
LOAN TERM
21 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
HUDSONVILLE, MI 49426

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