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SBA 7(a)Paid in Full

Tower28 Beauty, Inc.

Pacific Palisades, CAKinecta FCU"Cosmetics, Beauty Supplies, and Perfume Stores" · NAICS 446120
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-10-27
5.75% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$5,523
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$157,192
over 9.9 yrs
TOTAL REPAID
$657,192

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
Pacific Palisades, CA 90272
INDUSTRY
"Cosmetics, Beauty Supplies, and Perfume Stores" · NAICS 446120
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Paid in Full
Pacific Palisades, CA 90272

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