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SBA 7(a)Paid in Full

Flory Line Construction LLC

Chesaning, MIChoiceOne BankElectrical Contractors · NAICS 238210
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-01-31
6.75% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$2,871
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$94,472
over 10 yrs
TOTAL REPAID
$344,472

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
Electrical Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Paid in Full
Chesaning, MI 48616

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