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SBA 7(a)Paid in Full

Stringer Poultry Farm

BAY SPRINGS, MSCommunity Bank of MississippiBroilers and Other Meat Type Chicken Production · NAICS 112320
APPROVAL AMOUNT
$74,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-06-08
5% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$785
AT RATE
5%
recorded at approval
TOTAL INTEREST
$20,186
over 10 yrs
TOTAL REPAID
$94,186

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
BAY SPRINGS, MS 39422
INDUSTRY
Broilers and Other Meat Type Chicken Production · NAICS 112320
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
BAY SPRINGS, MS 39422

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