SBA 7(a)Charged Off

Locklear Enterprises, LLC

Grovetown, GACeltic Bank CorporationFull-Service Restaurants · NAICS 722511

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APPROVAL AMOUNT

$453,300

PROGRAM

SBA 7(a)

10 years term

APPROVED

2018-10-31

7.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$5,597

AT RATE

7.75%

recorded at approval

TOTAL INTEREST

$190,380

over 9.6 yrs

TOTAL REPAID

$643,680

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

Grovetown, GA 30813

INDUSTRY

Full-Service Restaurants · NAICS 722511

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

7.75%

LOAN STATUS

Charged Off

Grovetown, GA 30813

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