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SBA 7(a)Paid in Full

INTELLIGENT SEATING SYSTEMS LLC

SALINE, MIThe Huntington National BankAll Other Miscellaneous General Purpose Machinery Manufacturing · NAICS 333999
APPROVAL AMOUNT
$96,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-01-26
6% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$1,066
AT RATE
6%
recorded at approval
TOTAL INTEREST
$31,896
over 10 yrs
TOTAL REPAID
$127,896

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
SALINE, MI 48176
INDUSTRY
All Other Miscellaneous General Purpose Machinery Manufacturing · NAICS 333999
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
07
SALINE, MI 48176

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