SBA 7(a)Active, details exempt

QUALITY INN AURORA

AURORA, ILGBankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$3,060,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2025-09-25

8.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$24,640

AT RATE

8.5%

recorded at approval

TOTAL INTEREST

$4,331,985

over 25 yrs

TOTAL REPAID

$7,391,985

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

AURORA, IL 60504

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

8.5%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

AURORA, IL 60504

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