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SBA 7(a)Active, details exempt

Teach A Lot, Inc.

DURHAM, NCReadycap Lending, LLCChild Day Care Services · NAICS 624410
APPROVAL AMOUNT
$2,965,000
PROGRAM
SBA 7(a)
18 years term
APPROVED
2015-12-10
5% rate
JOBS SUPPORTED
57
Borrower-reported

Estimated monthly payment

MONTHLY
$21,213
AT RATE
5%
recorded at approval
TOTAL INTEREST
$1,489,784
over 17.5 yrs
TOTAL REPAID
$4,454,784

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
DURHAM, NC 27713
INDUSTRY
Child Day Care Services · NAICS 624410
BUSINESS STRUCTURE
Corporation
LOAN TERM
18 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
DURHAM, NC 27713

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