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SBA 7(a)CANCLD

Rashmi, L.L.C.

Millbrook, ALSouthState Bank, National AssociationHotels (except Casino Hotels) and Motels · NAICS 721110
APPROVAL AMOUNT
$2,725,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2014-10-15
5.25% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$16,330
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$2,173,850
over 25 yrs
TOTAL REPAID
$4,898,850

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
Millbrook, AL 36054
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
CANCLD
Millbrook, AL 36054

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