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SBA 7(a)Active, details exempt

Dementia Prevention Systems Clinics, LLC

FARMINGTON, MINewtek Small Business Finance, Inc.Bowling Centers · NAICS 713950
APPROVAL AMOUNT
$995,000
PROGRAM
SBA 7(a)
24 years term
APPROVED
2017-10-25
7% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$7,095
AT RATE
7%
recorded at approval
TOTAL INTEREST
$1,083,789
over 24.4 yrs
TOTAL REPAID
$2,078,789

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
FARMINGTON, MI 48336
INDUSTRY
Bowling Centers · NAICS 713950
BUSINESS STRUCTURE
Corporation
LOAN TERM
24 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
FARMINGTON, MI 48336

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