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SBA 7(a)Paid in Full

MILES Cars RDM LLC

FRANKLIN, TNPinnacle BankCar Washes · NAICS 811192
APPROVAL AMOUNT
$1,240,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2015-09-03
5.25% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$7,431
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$989,202
over 25 yrs
TOTAL REPAID
$2,229,202

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
FRANKLIN, TN 37067
INDUSTRY
Car Washes · NAICS 811192
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
07
FRANKLIN, TN 37067

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