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SBA 7(a)Committed, not yet disbursed

Mike's Skins L.L.C

LOCUST GROVE, GACenTrust Bank, A Division of SmartBiz Bank National AssociationOther Snack Food Manufacturing · NAICS 311919
APPROVAL AMOUNT
$123,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-30
11.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$1,729
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$84,519
over 10 yrs
TOTAL REPAID
$207,519

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
LOCUST GROVE, GA 30248
INDUSTRY
Other Snack Food Manufacturing · NAICS 311919
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
LOCUST GROVE, GA 30248

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