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SBA 7(a)Active, details exempt

Ruth's Coffee, LLC

SAINT AUGUSTINE, FLThe Huntington National BankSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$1,929,500
PROGRAM
SBA 7(a)
26 years term
APPROVED
2023-01-23
9.5% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$16,778
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$3,204,458
over 25.5 yrs
TOTAL REPAID
$5,133,958

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
SAINT AUGUSTINE, FL 32084
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
04
SAINT AUGUSTINE, FL 32084

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