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SBA 7(a)Committed, not yet disbursed

BRIGHTON CREMATION CORPORATION

MOUNT MORRIS, MIThe Huntington National BankCemeteries and Crematories · NAICS 812220
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-09-30
10.25% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$668
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$30,123
over 10 yrs
TOTAL REPAID
$80,123

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
Cemeteries and Crematories · NAICS 812220
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
MOUNT MORRIS, MI 48458

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