SBA 7(a)CANCLD

The Way Inn

Spencer, TNBuiltwell BankHotels (except Casino Hotels) and Motels · NAICS 721110

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APPROVAL AMOUNT

$45,000

PROGRAM

SBA 7(a)

5 years term

APPROVED

2011-08-19

5.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$860

AT RATE

5.5%

recorded at approval

TOTAL INTEREST

$6,573

over 5 yrs

TOTAL REPAID

$51,573

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

Spencer, TN 38585

INDUSTRY

Hotels (except Casino Hotels) and Motels · NAICS 721110

BUSINESS STRUCTURE

Individual

LOAN TERM

5 years

INITIAL INTEREST RATE

5.5%

LOAN STATUS

CANCLD

Spencer, TN 38585

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