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SBA 7(a)Committed, not yet disbursed

REEMS CREEK NURSERY INC

WEAVERVILLE, NCFifth Third BankNursery and Tree Production · NAICS 111421
APPROVAL AMOUNT
$2,393,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2026-05-29
9% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$19,944
AT RATE
9%
recorded at approval
TOTAL INTEREST
$3,749,856
over 25.7 yrs
TOTAL REPAID
$6,142,856

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
Nursery and Tree Production · NAICS 111421
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
11
WEAVERVILLE, NC 28787

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