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SBA 7(a)Current

The Inn at Amaris Farm's LLC

Weaverville, NCCogent BankBed-and-Breakfast Inns · NAICS 721191
APPROVAL AMOUNT
$1,846,600
PROGRAM
SBA 7(a)
26 years term
APPROVED
2022-04-23
5% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$10,655
AT RATE
5%
recorded at approval
TOTAL INTEREST
$1,435,003
over 25.7 yrs
TOTAL REPAID
$3,281,603

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
Weaverville, NC 28787
INDUSTRY
Bed-and-Breakfast Inns · NAICS 721191
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Current
Weaverville, NC 28787

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