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SBA 7(a)Current

The Collective Salon LLC

Locust, NCPinnacle BankBeauty Salons · NAICS 812112
APPROVAL AMOUNT
$399,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2024-03-12
10.5% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$3,745
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$758,191
over 25.8 yrs
TOTAL REPAID
$1,157,191

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
Locust, NC 28097
INDUSTRY
Beauty Salons · NAICS 812112
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Current
Locust, NC 28097

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