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SBA 7(a)Current

Rhythm & Ritual

Weaverville, NCFirst Bank of the LakeAll Other Miscellaneous Retailers · NAICS 459999
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-30
14.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$2,374
AT RATE
14.5%
recorded at approval
TOTAL INTEREST
$134,916
over 10 yrs
TOTAL REPAID
$284,916

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 Miscellaneous Retailers · NAICS 459999
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
14.5%
LOAN STATUS
Current
Weaverville, NC 28787

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