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SBA 7(a)Committed, not yet disbursed

Elite Medical Group PC

FARMINGTON, MICommunity Choice CUOffices of Physicians (except Mental Health Specialists) · NAICS 621111
APPROVAL AMOUNT
$1,215,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-04-28
9.25% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$15,556
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$651,717
over 10 yrs
TOTAL REPAID
$1,866,717

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 48334
INDUSTRY
Offices of Physicians (except Mental Health Specialists) · NAICS 621111
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
FARMINGTON, MI 48334

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