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SBA 7(a)Committed, not yet disbursed

Kerns Spa, 1 Inc.

HIGHLAND PARK, ILFWBankOther Personal Care Services · NAICS 812199
APPROVAL AMOUNT
$2,316,500
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-04-08
8.25% rate
JOBS SUPPORTED
25
Borrower-reported

Estimated monthly payment

MONTHLY
$27,272
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$1,174,318
over 10.7 yrs
TOTAL REPAID
$3,490,818

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
HIGHLAND PARK, IL 60035
INDUSTRY
Other Personal Care Services · NAICS 812199
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
10
HIGHLAND PARK, IL 60035

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