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SBA 7(a)Paid in Full

True North Marine, LLC

Kemah, TXThe Huntington National BankMarinas · NAICS 713930
APPROVAL AMOUNT
$4,010,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-06-13
7.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$28,985
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$4,685,367
over 25 yrs
TOTAL REPAID
$8,695,367

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
Kemah, TX 77565
INDUSTRY
Marinas · NAICS 713930
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Paid in Full
Kemah, TX 77565

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