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SBA 7(a)Paid in Full

K & S Petroleum LLC

COLTON, CABank of HopeGasoline Stations with Convenience Stores · NAICS 447110
APPROVAL AMOUNT
$1,169,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-06-10
4.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$11,975
AT RATE
4.25%
recorded at approval
TOTAL INTEREST
$267,994
over 10 yrs
TOTAL REPAID
$1,436,994

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
COLTON, CA 92324
INDUSTRY
Gasoline Stations with Convenience Stores · NAICS 447110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
4.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
31
COLTON, CA 92324

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