SBA 7(a)Paid in Full

Shekhu, LLC. D/B/A Super 8

Massena, NYFirst BankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$1,120,500

PROGRAM

SBA 7(a)

25 years term

APPROVED

2017-08-16

6.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$7,392

AT RATE

6.25%

recorded at approval

TOTAL INTEREST

$1,096,979

over 25 yrs

TOTAL REPAID

$2,217,479

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

Massena, NY 13662

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Partnership

LOAN TERM

25 years

INITIAL INTEREST RATE

6.25%

LOAN STATUS

Paid in Full

Massena, NY 13662

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