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SBA 7(a)Paid in Full

Apex Filling Systems, LLC

MICHIGAN CITY, INFirst Merchants BankSurgical and Medical Instrument Manufacturing · NAICS 339112
APPROVAL AMOUNT
$958,500
PROGRAM
SBA 7(a)
5 years term
APPROVED
2021-05-24
4% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$17,652
AT RATE
4%
recorded at approval
TOTAL INTEREST
$100,634
over 5 yrs
TOTAL REPAID
$1,059,134

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
MICHIGAN CITY, IN 46360
INDUSTRY
Surgical and Medical Instrument Manufacturing · NAICS 339112
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
4%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
01
MICHIGAN CITY, IN 46360

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