SBA 7(a)Active, details exempt

RED OAK VENTURES LLC

WEAVERVILLE, NCGBankGasoline Stations with Convenience Stores · NAICS 457110

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APPROVAL AMOUNT

$1,251,000

PROGRAM

SBA 7(a)

5 years term

APPROVED

2026-01-28

8.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$25,516

AT RATE

8.25%

recorded at approval

TOTAL INTEREST

$279,943

over 5 yrs

TOTAL REPAID

$1,530,943

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

Gasoline Stations with Convenience Stores · NAICS 457110

BUSINESS STRUCTURE

Corporation

LOAN TERM

5 years

INITIAL INTEREST RATE

8.25%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

WEAVERVILLE, NC 28787

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