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SBA 7(a)Committed, not yet disbursed

Stick and Hack Grand Park, LLC

WESTFIELD, INMerchants Bank of IndianaAll Other Amusement and Recreation Industries · NAICS 713990
APPROVAL AMOUNT
$1,475,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-17
8.75% rate
JOBS SUPPORTED
54
Borrower-reported

Estimated monthly payment

MONTHLY
$18,486
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$743,283
over 10 yrs
TOTAL REPAID
$2,218,283

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
WESTFIELD, IN 46074
INDUSTRY
All Other Amusement and Recreation Industries · NAICS 713990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
WESTFIELD, IN 46074

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