SBA 7(a)Paid in Full

Kings Myrtle SNS, LLC

MYRTLE BEACH, SCThe Huntington National BankFull-Service Restaurants · NAICS 722511

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APPROVAL AMOUNT

$1,800,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2012-06-08

6% rate

JOBS SUPPORTED

103

Borrower-reported

Estimated monthly payment

MONTHLY

$11,597

AT RATE

recorded at approval

TOTAL INTEREST

$1,679,228

over 25 yrs

TOTAL REPAID

$3,479,228

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

MYRTLE BEACH, SC 29572

INDUSTRY

Full-Service Restaurants · NAICS 722511

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

MYRTLE BEACH, SC 29572

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