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SBA 7(a)Committed, not yet disbursed

Social Venues, LLC

WASHINGTON, DCPinnacle BankPromoters of Performing Arts, Sports, and Similar Events with Facilities · NAICS 711310
APPROVAL AMOUNT
$4,962,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-03-06
9% rate
JOBS SUPPORTED
75
Borrower-reported

Estimated monthly payment

MONTHLY
$61,013
AT RATE
9%
recorded at approval
TOTAL INTEREST
$2,725,695
over 10.5 yrs
TOTAL REPAID
$7,687,695

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
WASHINGTON, DC 20003
INDUSTRY
Promoters of Performing Arts, Sports, and Similar Events with Facilities · NAICS 711310
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
00
WASHINGTON, DC 20003

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