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SBA 7(a)Active, details exempt

THUMBS UP RACE SIX LLC

NEW ORLEANS, LAGulf Coast Bank and Trust CompanySupermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
APPROVAL AMOUNT
$1,650,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2019-05-24
8.25% rate
JOBS SUPPORTED
23
Borrower-reported

Estimated monthly payment

MONTHLY
$27,947
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$473,970
over 6.3 yrs
TOTAL REPAID
$2,123,970

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
NEW ORLEANS, LA 70119
INDUSTRY
Supermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
NEW ORLEANS, LA 70119

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