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SBA 7(a)Committed, not yet disbursed

BIG SPOON LLC

MOUNT MORRIS, MIHorizon BankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$391,300
PROGRAM
SBA 7(a)
20 years term
APPROVED
2026-06-22
7.142% rate
JOBS SUPPORTED
21
Borrower-reported

Estimated monthly payment

MONTHLY
$3,050
AT RATE
7.142%
recorded at approval
TOTAL INTEREST
$349,881
over 20.3 yrs
TOTAL REPAID
$741,181

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
MOUNT MORRIS, MI 48458
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
7.142%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
MOUNT MORRIS, MI 48458

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