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SBA 7(a)Committed, not yet disbursed

Myriad Vending Incorporated

ROCKY MOUNT, NCInstitute Capital, Inc.Vending Machine Operators · NAICS 445132
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
4 years term
APPROVED
2026-06-22
9.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$1,256
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$10,296
over 4 yrs
TOTAL REPAID
$60,296

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
ROCKY MOUNT, NC 27804
INDUSTRY
Vending Machine Operators · NAICS 445132
BUSINESS STRUCTURE
Corporation
LOAN TERM
4 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
01
ROCKY MOUNT, NC 27804

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