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SBA 7(a)Paid in Full

Marengo Vision Center, P.C.

Marengo, ILStearns Bank National AssociationOffices of Optometrists · NAICS 621320
APPROVAL AMOUNT
$292,600
PROGRAM
SBA 7(a)
15 years term
APPROVED
2016-05-25
6.25% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$2,509
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$158,987
over 15 yrs
TOTAL REPAID
$451,587

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
Marengo, IL 60152
INDUSTRY
Offices of Optometrists · NAICS 621320
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Paid in Full
Marengo, IL 60152

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