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SBA 7(a)Paid in Full

Hoagland Mesick Shop & Save LLC

Tustin, MIByline BankSupermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
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APPROVAL AMOUNT
$990,000
PROGRAM
SBA 7(a)
15 years term
APPROVED
2021-12-15
5.25% rate
JOBS SUPPORTED
10
Borrower-reported

Estimated monthly payment

MONTHLY
$7,958
AT RATE
5.25%
recorded at approval
TOTAL INTEREST
$442,510
over 15 yrs
TOTAL REPAID
$1,432,510

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
Tustin, MI 49688
INDUSTRY
Supermarkets and Other Grocery (except Convenience) Stores · NAICS 445110
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
5.25%
LOAN STATUS
Paid in Full
Tustin, MI 49688

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