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SBA 7(a)Current

Thomas and Clark Investments LLC

St Johns, FLMagnifi Financial CUSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$394,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-03-25
10.25% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$5,188
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$244,100
over 10.3 yrs
TOTAL REPAID
$638,100

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
St Johns, FL 32259
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Current
St Johns, FL 32259

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