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SBA 7(a)Active, details exempt

Ramen Enterprise Inc

KALAMAZOO, MIFirst Internet Bank of IndianaLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$1,410,000
PROGRAM
SBA 7(a)
23 years term
APPROVED
2022-04-06
5.75% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$9,287
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$1,115,950
over 22.7 yrs
TOTAL REPAID
$2,525,950

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
KALAMAZOO, MI 49007
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
23 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
KALAMAZOO, MI 49007

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