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SBA 7(a)Active, details exempt

Mountain Glass Arts, Inc.

ASHEVILLE, NCTruist BankOther Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
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APPROVAL AMOUNT
$2,484,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-01-30
6.85% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$28,650
AT RATE
6.85%
recorded at approval
TOTAL INTEREST
$953,962
over 10 yrs
TOTAL REPAID
$3,437,962

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
ASHEVILLE, NC 28801
INDUSTRY
Other Miscellaneous Nondurable Goods Merchant Wholesalers · NAICS 424990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.85%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
ASHEVILLE, NC 28801

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