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SBA 7(a)Charged Off

Olde South Services, LLC

CLAYTON, NCThe Huntington National BankRemediation Services · NAICS 562910
APPROVAL AMOUNT
$806,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-12-02
7.5% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$9,567
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$342,084
over 10 yrs
TOTAL REPAID
$1,148,084

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
CLAYTON, NC 27520
INDUSTRY
Remediation Services · NAICS 562910
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Charged Off
CONGRESSIONAL DIST.
02
CLAYTON, NC 27520

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