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SBA 7(a)Paid in Full

Watershed Restaurants LLC

Poolesville, MDManufacturers and Traders Trust CompanyLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2017-02-17
9.75% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$1,005
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$14,320
over 5.3 yrs
TOTAL REPAID
$64,320

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
Poolesville, MD 20837
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Paid in Full
Poolesville, MD 20837

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