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SBA 7(a)Paid in Full

Ross Restaurant Group, LLC

TRENTON, NJThe Bank of PrincetonLimited-Service Restaurants · NAICS 722211
APPROVAL AMOUNT
$4,000,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2013-01-07
6% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$44,408
AT RATE
6%
recorded at approval
TOTAL INTEREST
$1,328,984
over 10 yrs
TOTAL REPAID
$5,328,984

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
TRENTON, NJ 08638
INDUSTRY
Limited-Service Restaurants · NAICS 722211
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
04
TRENTON, NJ 08638

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