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SBA 7(a)Cancelled

Kars Properties LLC

MADISON, ALMerchants & Marine BankSpecialized Automotive Repair · NAICS 811114
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2026-04-29
8.5% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$792
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$16,513
over 7 yrs
TOTAL REPAID
$66,513

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
MADISON, AL 35756
INDUSTRY
Specialized Automotive Repair · NAICS 811114
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Cancelled
CONGRESSIONAL DIST.
05
MADISON, AL 35756

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