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SBA 7(a)Current

The Writing Academy

Kemah, TXWells Fargo Bank National AssociationAll Other Miscellaneous Schools and Instruction · NAICS 611699
APPROVAL AMOUNT
$1,571,900
PROGRAM
SBA 7(a)
25 years term
APPROVED
2014-12-13
5.9% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$10,032
AT RATE
5.9%
recorded at approval
TOTAL INTEREST
$1,437,671
over 25 yrs
TOTAL REPAID
$3,009,571

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
Kemah, TX 77565
INDUSTRY
All Other Miscellaneous Schools and Instruction · NAICS 611699
BUSINESS STRUCTURE
Individual
LOAN TERM
25 years
INITIAL INTEREST RATE
5.9%
LOAN STATUS
Current
Kemah, TX 77565

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