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SBA 7(a)Committed, not yet disbursed

Fenton Hotel T&G LLC

FENTON, MIChoiceOne BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,843,300
PROGRAM
SBA 7(a)
22 years term
APPROVED
2026-06-04
7.75% rate
JOBS SUPPORTED
29
Borrower-reported

Estimated monthly payment

MONTHLY
$14,567
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$2,002,414
over 22 yrs
TOTAL REPAID
$3,845,714

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
FENTON, MI 48430
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
22 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
FENTON, MI 48430

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