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SBA 7(a)Active, details exempt

Milford Oyster House

MILFORD, NJFulton Bank, National AssociationFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$700,000
PROGRAM
SBA 7(a)
17 years term
APPROVED
2016-03-29
5.75% rate
JOBS SUPPORTED
19
Borrower-reported

Estimated monthly payment

MONTHLY
$5,324
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$407,385
over 17.3 yrs
TOTAL REPAID
$1,107,385

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
MILFORD, NJ 08848
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
17 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
MILFORD, NJ 08848

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