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SBA 7(a)Committed, not yet disbursed

Soulful Suds Laundry Co. LLC

CONNERSVILLE, INFirst Bank RichmondCoin-Operated Laundries and Drycleaners · NAICS 812310
APPROVAL AMOUNT
$95,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-18
8.5% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$1,178
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$46,344
over 10 yrs
TOTAL REPAID
$141,344

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
CONNERSVILLE, IN 47331
INDUSTRY
Coin-Operated Laundries and Drycleaners · NAICS 812310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
CONNERSVILLE, IN 47331

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