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SBA 7(a)Active, details exempt

Anytime Fitness Ann Arbor

ANN ARBOR, MIFirst Internet Bank of IndianaFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$1,680,000
PROGRAM
SBA 7(a)
9 years term
APPROVED
2024-04-04
11.25% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$24,293
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$1,040,768
over 9.3 yrs
TOTAL REPAID
$2,720,768

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
ANN ARBOR, MI 48103
INDUSTRY
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
9 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
ANN ARBOR, MI 48103

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