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SBA 7(a)Current

Hampton Bay Self Storage LLC

Chesaning, MIChoiceOne BankLessors of Miniwarehouses and Self-Storage Units · NAICS 531130
APPROVAL AMOUNT
$1,700,000
PROGRAM
SBA 7(a)
26 years term
APPROVED
2022-02-15
4% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$8,773
AT RATE
4%
recorded at approval
TOTAL INTEREST
$1,037,124
over 26 yrs
TOTAL REPAID
$2,737,124

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
Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
4%
LOAN STATUS
Current
Chesaning, MI 48616

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