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SBA 7(a)Paid in Full

Flory Line Construction LLC

Chesaning, MIChoiceOne BankPower and Communication Line and Related Structures Construction · NAICS 237130
APPROVAL AMOUNT
$315,000
PROGRAM
SBA 7(a)
20 years term
APPROVED
2021-04-27
4.75% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$2,036
AT RATE
4.75%
recorded at approval
TOTAL INTEREST
$173,545
over 20 yrs
TOTAL REPAID
$488,545

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
Power and Communication Line and Related Structures Construction · NAICS 237130
BUSINESS STRUCTURE
Corporation
LOAN TERM
20 years
INITIAL INTEREST RATE
4.75%
LOAN STATUS
Paid in Full
Chesaning, MI 48616

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