SBA 7(a)Current

Gieskens Inc

Chesaning, MIChoiceOne BankAll Other Home Furnishings Retailers · NAICS 449129

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APPROVAL AMOUNT

$1,091,700

PROGRAM

SBA 7(a)

20 years term

APPROVED

2024-03-15

10% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$10,535

AT RATE

10%

recorded at approval

TOTAL INTEREST

$1,436,734

over 20 yrs

TOTAL REPAID

$2,528,434

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

All Other Home Furnishings Retailers · NAICS 449129

BUSINESS STRUCTURE

Corporation

LOAN TERM

20 years

INITIAL INTEREST RATE

10%

LOAN STATUS

Current

Chesaning, MI 48616

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