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SBA 7(a)Paid in Full

Todd Caughey

Jeannette, PAFirst Commonwealth BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$607,500
PROGRAM
SBA 7(a)
25 years term
APPROVED
2021-02-10
6% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$3,914
AT RATE
6%
recorded at approval
TOTAL INTEREST
$566,739
over 25 yrs
TOTAL REPAID
$1,174,239

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
Jeannette, PA 15644
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Individual
LOAN TERM
25 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
Jeannette, PA 15644

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