SBA 7(a)Committed, not yet disbursed

LAROS EQUIPMENT LLC

PORTAGE, MILake Michigan CUConveyor and Conveying Equipment Manufacturing · NAICS 333922

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APPROVAL AMOUNT

$250,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-06-08

6.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$2,871

AT RATE

6.75%

recorded at approval

TOTAL INTEREST

$94,472

over 10 yrs

TOTAL REPAID

$344,472

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

PORTAGE, MI 49024

INDUSTRY

Conveyor and Conveying Equipment Manufacturing · NAICS 333922

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

6.75%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

PORTAGE, MI 49024

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