SBA 7(a)Charged Off

New Millenium of River Grove Inc

River Grove, ILByline BankSupermarkets and Other Grocery (except Convenience) Stores · NAICS 445110

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APPROVAL AMOUNT

$470,000

PROGRAM

SBA 7(a)

23 years term

APPROVED

2017-06-01

6.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$3,275

AT RATE

6.5%

recorded at approval

TOTAL INTEREST

$440,555

over 23.2 yrs

TOTAL REPAID

$910,555

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

River Grove, IL 60171

INDUSTRY

Supermarkets and Other Grocery (except Convenience) Stores · NAICS 445110

BUSINESS STRUCTURE

Corporation

LOAN TERM

23 years

INITIAL INTEREST RATE

6.5%

LOAN STATUS

Charged Off

River Grove, IL 60171

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