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SBA 7(a)Paid in Full

Sunkote Coatings, Inc.

Spencer, TNSouthState Bank, National AssociationAll Other Plastics Product Manufacturing · NAICS 326199
APPROVAL AMOUNT
$1,032,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2017-04-28
6.5% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$11,718
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$374,178
over 10 yrs
TOTAL REPAID
$1,406,178

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
Spencer, TN 38585
INDUSTRY
All Other Plastics Product Manufacturing · NAICS 326199
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Paid in Full
Spencer, TN 38585

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