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SBA 7(a)CANCLD

Smoky Star, LLC

Weaverville, NCTouchmark National BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$1,326,900
PROGRAM
SBA 7(a)
25 years term
APPROVED
2017-12-21
5.75% rate
JOBS SUPPORTED
20
Borrower-reported

Estimated monthly payment

MONTHLY
$8,348
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$1,177,384
over 25 yrs
TOTAL REPAID
$2,504,284

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
Weaverville, NC 28787
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
CANCLD
Weaverville, NC 28787

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