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SBA 7(a)Current

Sandbagger Saloon and Dinner House

Terrebonne, ORReadycap Lending, LLCFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$870,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2021-09-23
5.75% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$5,473
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$771,968
over 25 yrs
TOTAL REPAID
$1,641,968

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
Terrebonne, OR 97760
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Current
Terrebonne, OR 97760

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