90% SBA Financing
(as previously quoted by Horizon Bank for qualified purchasers)
 
Purchase Price  
$875,000.00
 
Purchaser Downpayment  
$88,000.00
(10% of Purchase Price)
  SBA/Horizon Bank Loan Amount  
$787,000.00
(90% of Purchase Price)
  Term of Loan
25 years
 
  Loan Amortization  
25 years
 
  Interest Rate
6%
(fixed for a to be determined period)
  Monthly Principal and Interest Payment  
$5,071.00
 
  Annual Principal and Interest Payment  
$60,852.00
 
  SBA Closing Fees  
$0.00
 
  Other Loan Closing Costs:
     
    Appraisal  
$2,000.00
 
    Environmental Report  
$1,500.00
 
    Mortgagee's Title Endorsements  
$600.00
 
    Loan Documents/Miscellaneous  
$1,500.00
 
    Total Closing Costs  
$5,600.00
 
  For additional information concerning loan terms and qualifications, please contact
    Mr. Guy Perry
Vice President, SBA Lending Specialist
Horizon Bank
522 Congress Avenue
Austin, Texas 78701

Telephone: (512) 637-5749
E-mail: guy.perry@horizonbanktexas.com

 
  or any other commercial real estate lender of your choosing.
 
Neither Seller nor its agent Elliott Properties, Inc. make any representation, either expressed or
implied as to the availability of, qualifications for or terms of any purchase financing. The
information presented above was previously provided by Horizon Bank based upon then
current SBA loan rates and terms, which are subject to change. Any prospective purchaser and
borrower should consult with Horizon Bank or any other commercial real estate lender of its
choosing to determine the availability of, qualifications for and specific terms of any purchase
financing.