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SBA 7(a)Paid in Full

New Albanian Brewing Company, Inc.

NEW ALBANY, INStock Yards Bank & Trust CompanyFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$590,400
PROGRAM
SBA 7(a)
25 years term
APPROVED
2017-12-08
4.9% rate
JOBS SUPPORTED
18
Borrower-reported

Estimated monthly payment

MONTHLY
$3,417
AT RATE
4.9%
recorded at approval
TOTAL INTEREST
$434,733
over 25 yrs
TOTAL REPAID
$1,025,133

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
NEW ALBANY, IN 47150
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
4.9%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
09
NEW ALBANY, IN 47150

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