Location: Noblesville, IN

Loan Amount: $1,035,000

Interest Rate: Prime + 2.00%

Term/Amortization: 10/10

Loan to Value: 100% +

Purpose:  The new SBA 7a loan was used for the refinance and leasehold improvements of an owner-occupied restaurant; located in Noblesville, IN. This new debt facility replaces the existing private money notes while providing the necessary capital to complete the build-out of the outdoor patio. The mostly unsecured loan was priced at Prime plus 200 (5.5%) with a ten-year term and ten-year amortization.