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SBA 7(a)Current

Messer Event and Agricultural Center

Kiowa, COMidwest Regional Bank"Promoters of Performing Arts, Sports, and Similar Events with Facilities" · NAICS 711310
APPROVAL AMOUNT
$1,390,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2023-04-24
10.75% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$13,373
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$2,621,927
over 25 yrs
TOTAL REPAID
$4,011,927

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
Kiowa, CO 80117
INDUSTRY
"Promoters of Performing Arts, Sports, and Similar Events with Facilities" · NAICS 711310
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Current
Kiowa, CO 80117

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