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SBA 7(a)Paid in Full

McKinley Farms

Cleveland, GAFirst Financial BankOther Poultry Production · NAICS 112390
APPROVAL AMOUNT
$736,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-06-02
5.65% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$8,042
AT RATE
5.65%
recorded at approval
TOTAL INTEREST
$229,082
over 10 yrs
TOTAL REPAID
$965,082

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
Cleveland, GA 30528
INDUSTRY
Other Poultry Production · NAICS 112390
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
5.65%
LOAN STATUS
Paid in Full
Cleveland, GA 30528

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