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SBA 7(a)Committed, not yet disbursed

Elric Properties, LLC

MONROE, MIKeyBank National AssociationBook Retailers and News Dealers · NAICS 459210
APPROVAL AMOUNT
$589,500
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-06-10
8.75% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$4,847
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$864,461
over 25 yrs
TOTAL REPAID
$1,453,961

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
MONROE, MI 48161
INDUSTRY
Book Retailers and News Dealers · NAICS 459210
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
07
MONROE, MI 48161

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