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SBA 7(a)Committed, not yet disbursed

KHADIJAH AL TAHIRA LLC

LOCUST GROVE, GABank of Oak RidgeLimited-Service Restaurants · NAICS 722513
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APPROVAL AMOUNT
$348,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2022-09-08
8.25% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$4,138
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$173,345
over 10.5 yrs
TOTAL REPAID
$521,345

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
LOCUST GROVE, GA 30248
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
LOCUST GROVE, GA 30248

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