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SBA 7(a)Active, details exempt

Mallorys, LLC

HUDSON, WIHiawatha National BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$803,300
PROGRAM
SBA 7(a)
20 years term
APPROVED
2016-05-02
5% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$5,251
AT RATE
5%
recorded at approval
TOTAL INTEREST
$477,908
over 20.3 yrs
TOTAL REPAID
$1,281,208

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
HUDSON, WI 54016
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
HUDSON, WI 54016

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