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SBA 7(a)Paid in Full

TENNESSEE DONUTS INC

MORRISTOWN, TNTruist BankLimited-Service Restaurants · NAICS 722211
APPROVAL AMOUNT
$225,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2009-03-13
5.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$3,260
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$48,842
over 7 yrs
TOTAL REPAID
$273,842

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
MORRISTOWN, TN 37813
INDUSTRY
Limited-Service Restaurants · NAICS 722211
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
01
MORRISTOWN, TN 37813

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