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SBA 7(a)Committed, not yet disbursed

TK Group Fro-Yo LLC

GALLATIN, TNFirst Bank of the LakeSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$608,800
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-05-19
9.5% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$7,451
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$374,717
over 11 yrs
TOTAL REPAID
$983,517

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
GALLATIN, TN 37066
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
GALLATIN, TN 37066

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