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SBA 7(a)Active, details exempt

Tuff Scooter Pharmer LLC

LOVELAND, COFirst Merchants BankSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$1,828,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2024-03-02
10.75% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$17,487
AT RATE
10.75%
recorded at approval
TOTAL INTEREST
$3,575,574
over 25.8 yrs
TOTAL REPAID
$5,403,574

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
LOVELAND, CO 80538
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
10.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
LOVELAND, CO 80538

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