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SBA 7(a)CANCLD

Watkins Administration, Inc

Odenville, ALPeoples Bank of AlabamaSupermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
APPROVAL AMOUNT
$646,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-11-18
4.75% rate
JOBS SUPPORTED
38
Borrower-reported

Estimated monthly payment

MONTHLY
$6,773
AT RATE
4.75%
recorded at approval
TOTAL INTEREST
$166,780
over 10 yrs
TOTAL REPAID
$812,780

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
Odenville, AL 35120
INDUSTRY
Supermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
4.75%
LOAN STATUS
CANCLD
Odenville, AL 35120

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