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SBA 7(a)Active, details exempt

Your Royalty LLC

RICHMOND, TXFirst Bank of the LakeFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,380,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2023-04-27
10% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$17,732
AT RATE
10%
recorded at approval
TOTAL INTEREST
$854,262
over 10.5 yrs
TOTAL REPAID
$2,234,262

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
RICHMOND, TX 77406
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
10%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
22
RICHMOND, TX 77406

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