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SBA 7(a)Active, details exempt

Richmond Indoor Playground, LLC

RICHMOND, VAFulton Bank, National AssociationAmusement Arcades · NAICS 713120
APPROVAL AMOUNT
$1,600,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2025-09-30
10% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$20,559
AT RATE
10%
recorded at approval
TOTAL INTEREST
$990,448
over 10.5 yrs
TOTAL REPAID
$2,590,448

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
RICHMOND, VA 23294
INDUSTRY
Amusement Arcades · NAICS 713120
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
10%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
RICHMOND, VA 23294

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