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SBA 7(a)Active, details exempt

PLACE VENDOME HOLDING CO., INC.

SWAINSBORO, GANewtek Small Business Finance, Inc.Home Furnishing Merchant Wholesalers · NAICS 423220
APPROVAL AMOUNT
$944,900
PROGRAM
SBA 7(a)
6 years term
APPROVED
2019-11-20
7.5% rate
JOBS SUPPORTED
51
Borrower-reported

Estimated monthly payment

MONTHLY
$16,337
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$231,395
over 6 yrs
TOTAL REPAID
$1,176,295

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
SWAINSBORO, GA 30401
INDUSTRY
Home Furnishing Merchant Wholesalers · NAICS 423220
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
12
SWAINSBORO, GA 30401

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