SBA 7(a)Active, details exempt

Country Pride LLC

CHESANING, MIChoiceOne BankNursing Care Facilities (Skilled Nursing Facilities) · NAICS 623110

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APPROVAL AMOUNT

$525,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2023-10-12

10% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$4,771

AT RATE

10%

recorded at approval

TOTAL INTEREST

$906,204

over 25 yrs

TOTAL REPAID

$1,431,204

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

CHESANING, MI 48616

INDUSTRY

Nursing Care Facilities (Skilled Nursing Facilities) · NAICS 623110

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

10%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

CHESANING, MI 48616

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