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SBA 7(a)Committed, not yet disbursed

MJP23, INC.

LEONARDTOWN, MDThe Huntington National BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$75,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-12-12
9.75% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$981
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$42,693
over 10 yrs
TOTAL REPAID
$117,693

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
LEONARDTOWN, MD 20650
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
LEONARDTOWN, MD 20650

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