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SBA 7(a)Active, details exempt

Los Arcos Holdings LLC

STONE MOUNTAIN, GAFirst-Citizens Bank & Trust CompanyFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,451,000
PROGRAM
SBA 7(a)
19 years term
APPROVED
2016-11-02
5.5% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$10,171
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$908,684
over 19.3 yrs
TOTAL REPAID
$2,359,684

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
STONE MOUNTAIN, GA 30088
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
19 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
STONE MOUNTAIN, GA 30088

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