SBA 7(a)Paid in Full

Star Sky Hotel, LLC

GREENSBORO, NCIncredibleBankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$3,003,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2018-11-21

7.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$21,706

AT RATE

7.25%

recorded at approval

TOTAL INTEREST

$3,508,767

over 25 yrs

TOTAL REPAID

$6,511,767

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

GREENSBORO, NC 27409

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

7.25%

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

GREENSBORO, NC 27409

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