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SBA 7(a)Committed, not yet disbursed

THE BISCUIT LLC

VICKSBURG, MSThe Citizens National Bank of MeridianFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$25,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2025-03-07
10.25% rate
JOBS SUPPORTED
49
Borrower-reported

Estimated monthly payment

MONTHLY
$418
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$10,134
over 7 yrs
TOTAL REPAID
$35,134

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
VICKSBURG, MS 39183
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
VICKSBURG, MS 39183

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