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SBA 7(a)Paid in Full

LOTUS SIGNATURE HOTELS LLC

Ramona, CAPinnacle BankHotels (except Casino Hotels) and Motels · NAICS 721110
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APPROVAL AMOUNT
$2,879,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-09-18
6.5% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$19,439
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$2,952,764
over 25 yrs
TOTAL REPAID
$5,831,764

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
Ramona, CA 92065
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Paid in Full
Ramona, CA 92065

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