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SBA 7(a)Paid in Full

Red Door Diner LLC

Pleasant Hope, MOO'Bannon Banking CompanyFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$59,900
PROGRAM
SBA 7(a)
15 years term
APPROVED
2014-02-28
6% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$500
AT RATE
6%
recorded at approval
TOTAL INTEREST
$31,666
over 15.3 yrs
TOTAL REPAID
$91,566

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
Pleasant Hope, MO 65725
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
Pleasant Hope, MO 65725

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