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SBA 7(a)Paid in Full

VARAHI INC

Rockport, INLegence BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$293,000
PROGRAM
SBA 7(a)
15 years term
APPROVED
2019-07-31
7.25% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$2,675
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$188,444
over 15 yrs
TOTAL REPAID
$481,444

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
Rockport, IN 47635
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Paid in Full
Rockport, IN 47635

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