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SBA 7(a)Committed, not yet disbursed

SOUTH EAST SPAS, INC.

WEST PALM BEACH, FLFirst Horizon BankSporting and Recreational Goods and Supplies Merchant Wholesalers · NAICS 423910
APPROVAL AMOUNT
$1,567,600
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-30
8.25% rate
JOBS SUPPORTED
46
Borrower-reported

Estimated monthly payment

MONTHLY
$19,227
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$739,643
over 10 yrs
TOTAL REPAID
$2,307,243

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
WEST PALM BEACH, FL 33409
INDUSTRY
Sporting and Recreational Goods and Supplies Merchant Wholesalers · NAICS 423910
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
18
WEST PALM BEACH, FL 33409

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