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SBA 7(a)Active, details exempt

Lou Lous Tavern on the Tracks

NORTH CHARLESTON, SCSouthState Bank, National AssociationFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$411,300
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-03-25
8.5% rate
JOBS SUPPORTED
42
Borrower-reported

Estimated monthly payment

MONTHLY
$5,021
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$206,233
over 10.3 yrs
TOTAL REPAID
$617,533

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
NORTH CHARLESTON, SC 29405
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
NORTH CHARLESTON, SC 29405

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