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SBA 7(a)Active, details exempt

INTERSTATE PAINTING CO.

MACOMB, MIThe Huntington National BankAll Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$246,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-04
9.75% rate
JOBS SUPPORTED
1
Borrower-reported

Estimated monthly payment

MONTHLY
$3,217
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$140,034
over 10 yrs
TOTAL REPAID
$386,034

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
MACOMB, MI 48042
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
10
MACOMB, MI 48042

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