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SBA 7(a)Paid in Full

Karsten's LLC

Marengo, ILPrairie Community BankGeneral Automotive Repair · NAICS 811111
APPROVAL AMOUNT
$200,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2011-03-03
5.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$2,850
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$39,428
over 7 yrs
TOTAL REPAID
$239,428

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
Marengo, IL 60152
INDUSTRY
General Automotive Repair · NAICS 811111
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
Marengo, IL 60152

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