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SBA 7(a)Active, details exempt

UpstateSCIce, LLC

SENECA, SCTowneBankSnack and Nonalcoholic Beverage Bars · NAICS 722515
APPROVAL AMOUNT
$386,900
PROGRAM
SBA 7(a)
7 years term
APPROVED
2019-10-04
7.25% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$6,173
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$100,795
over 6.6 yrs
TOTAL REPAID
$487,695

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
SENECA, SC 29678
INDUSTRY
Snack and Nonalcoholic Beverage Bars · NAICS 722515
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
SENECA, SC 29678

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