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SBA 7(a)Active, details exempt

LUDLOW HOSPITALITY LLC

FRANKLIN, TNUnited Community BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,595,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2022-12-22
9.5% rate
JOBS SUPPORTED
50
Borrower-reported

Estimated monthly payment

MONTHLY
$21,410
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$824,311
over 9.4 yrs
TOTAL REPAID
$2,419,311

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
FRANKLIN, TN 37064
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
FRANKLIN, TN 37064

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