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SBA 7(a)Committed, not yet disbursed

The English Garden Flower Shop LLC

CLARENDON HILLS, ILThe Huntington National BankFlorists · NAICS 453110
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-09-08
5.75% rate
JOBS SUPPORTED
21
Borrower-reported

Estimated monthly payment

MONTHLY
$549
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$15,862
over 10 yrs
TOTAL REPAID
$65,862

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
CLARENDON HILLS, IL 60514
INDUSTRY
Florists · NAICS 453110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
CLARENDON HILLS, IL 60514

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