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SBA 7(a)Active, details exempt

THE ROYAL HOTEL GROUP NJ LLC

GALLOWAY, NJColumbia BankHotels (except Casino Hotels) and Motels · NAICS 721110
APPROVAL AMOUNT
$1,680,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2016-11-15
5.5% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$10,317
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$1,415,001
over 25 yrs
TOTAL REPAID
$3,095,001

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
GALLOWAY, NJ 08205
INDUSTRY
Hotels (except Casino Hotels) and Motels · NAICS 721110
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
GALLOWAY, NJ 08205

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