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SBA 7(a)Committed, not yet disbursed

LAXMI 6370 LLC

PARMA HEIGHTS, OHKeyBank National AssociationLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-06-30
8.75% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$4,256
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$186,250
over 10.5 yrs
TOTAL REPAID
$536,250

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
PARMA HEIGHTS, OH 44130
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
PARMA HEIGHTS, OH 44130

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