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SBA 7(a)Committed, not yet disbursed

MB Fuels

RAEFORD, NCBank of Oak RidgeGasoline Stations with Convenience Stores · NAICS 457110
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APPROVAL AMOUNT
$1,022,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2026-05-04
8.7% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$8,322
AT RATE
8.7%
recorded at approval
TOTAL INTEREST
$1,524,524
over 25.5 yrs
TOTAL REPAID
$2,546,524

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
RAEFORD, NC 28376
INDUSTRY
Gasoline Stations with Convenience Stores · NAICS 457110
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
8.7%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
RAEFORD, NC 28376

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