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SBA 7(a)Paid in Full

Red Investments, LLC

Weaverville, NCTD Bank, National AssociationAll Other Automotive Repair and Maintenance · NAICS 811198
APPROVAL AMOUNT
$320,000
PROGRAM
SBA 7(a)
20 years term
APPROVED
2017-04-10
4.5% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$2,024
AT RATE
4.5%
recorded at approval
TOTAL INTEREST
$165,875
over 20 yrs
TOTAL REPAID
$485,875

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
Weaverville, NC 28787
INDUSTRY
All Other Automotive Repair and Maintenance · NAICS 811198
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
4.5%
LOAN STATUS
Paid in Full
Weaverville, NC 28787

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