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SBA 7(a)Active, details exempt

Key West Resort on Lake Dora

TAVARES, FLReadycap Lending, LLCHotels (except Casino Hotels) and Motels · NAICS 721110
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-07-24
15% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$832
AT RATE
15%
recorded at approval
TOTAL INTEREST
$43,178
over 9.3 yrs
TOTAL REPAID
$93,178

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
TAVARES, FL 32778
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
15%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
TAVARES, FL 32778

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