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SBA 7(a)Active, details exempt

Burn Fitness 3, LLC

LIVONIA, MIFifth Third BankFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$1,523,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2017-05-30
5% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$21,965
AT RATE
5%
recorded at approval
TOTAL INTEREST
$278,106
over 6.8 yrs
TOTAL REPAID
$1,801,106

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
LIVONIA, MI 48152
INDUSTRY
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
LIVONIA, MI 48152

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