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SBA 7(a)Active, details exempt

Nile Holdings LLC

PORTAGE, MIFirst Internet Bank of IndianaRetail Bakeries · NAICS 311811
APPROVAL AMOUNT
$386,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2023-03-20
10.5% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$5,635
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$205,669
over 8.8 yrs
TOTAL REPAID
$591,669

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
PORTAGE, MI 49024
INDUSTRY
Retail Bakeries · NAICS 311811
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
PORTAGE, MI 49024

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