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SBA 7(a)Active, details exempt

Vass X II LLC

ROCKFORD, ILFirst National Bank of PennsylvaniaAll Other Amusement and Recreation Industries · NAICS 713990
APPROVAL AMOUNT
$1,162,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-08-07
9.75% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$15,196
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$661,460
over 10 yrs
TOTAL REPAID
$1,823,460

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
ROCKFORD, IL 61108
INDUSTRY
All Other Amusement and Recreation Industries · NAICS 713990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
16
ROCKFORD, IL 61108

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