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SBA 7(a)Paid in Full

Moochies, LLC

Clarendon Hills, ILNewtek Small Business Finance, Inc.Limited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$402,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2014-02-14
6% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$4,463
AT RATE
6%
recorded at approval
TOTAL INTEREST
$133,563
over 10 yrs
TOTAL REPAID
$535,563

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
Clarendon Hills, IL 60514
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
Clarendon Hills, IL 60514

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