SBA 7(a)Active, details exempt

Sonesta Select at RTP Durham

DURHAM, NCGBankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$5,000,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2024-04-01

9.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$43,685

AT RATE

9.5%

recorded at approval

TOTAL INTEREST

$8,105,450

over 25 yrs

TOTAL REPAID

$13,105,450

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

DURHAM, NC 27713

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

9.5%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

DURHAM, NC 27713

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