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SBA 7(a)Paid in Full

Spain Farms

Cleveland, GASouthState Bank, National AssociationBroilers and Other Meat Type Chicken Production · NAICS 112320
APPROVAL AMOUNT
$821,000
PROGRAM
SBA 7(a)
20 years term
APPROVED
2018-08-20
6.5% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$6,121
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$648,077
over 20 yrs
TOTAL REPAID
$1,469,077

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
Cleveland, GA 30528
INDUSTRY
Broilers and Other Meat Type Chicken Production · NAICS 112320
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Paid in Full
Cleveland, GA 30528

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