SBA 7(a)Active, details exempt

MIAMI BEACH GARDEN INN & SUITE LLC

MIAMI, FLPromiseOne BankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$5,000,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2026-04-06

8% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$38,591

AT RATE

recorded at approval

TOTAL INTEREST

$6,577,243

over 25 yrs

TOTAL REPAID

$11,577,243

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

MIAMI, FL 33169

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Partnership

LOAN TERM

25 years

INITIAL INTEREST RATE

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

MIAMI, FL 33169

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