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SBA 7(a)Paid in Full

Jazz Enterprises Inc

CORNELIUS, NCUnited Community BankCar Washes · NAICS 811192
APPROVAL AMOUNT
$1,375,700
PROGRAM
SBA 7(a)
25 years term
APPROVED
2021-05-20
5.25% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$8,244
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$1,097,455
over 25 yrs
TOTAL REPAID
$2,473,155

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
CORNELIUS, NC 28031
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
12
CORNELIUS, NC 28031

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