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SBA 7(a)Committed, not yet disbursed

Sparta Storage NC, LLC

SPARTA, NCFirst Community BankLessors of Miniwarehouses and Self-Storage Units · NAICS 531130
APPROVAL AMOUNT
$244,900
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-29
6.3% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$1,623
AT RATE
6.3%
recorded at approval
TOTAL INTEREST
$242,032
over 25 yrs
TOTAL REPAID
$486,932

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
SPARTA, NC 28675
INDUSTRY
Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
6.3%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
SPARTA, NC 28675

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