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SBA 7(a)Committed, not yet disbursed

FS Transit Systems Inc

BLOOMFIELD HILLS, MIReadycap Lending, LLCGeneral Freight Trucking, Local · NAICS 484110
APPROVAL AMOUNT
$1,155,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-26
8.5% rate
JOBS SUPPORTED
21
Borrower-reported

Estimated monthly payment

MONTHLY
$14,320
AT RATE
8.5%
recorded at approval
TOTAL INTEREST
$563,442
over 10 yrs
TOTAL REPAID
$1,718,442

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
BLOOMFIELD HILLS, MI 48304
INDUSTRY
General Freight Trucking, Local · NAICS 484110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
BLOOMFIELD HILLS, MI 48304

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