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SBA 7(a)Paid in Full

LSD Properties, LLC

NOVI, MIFifth Third BankShowcase, Partition, Shelving, and Locker Manufacturing · NAICS 337215
APPROVAL AMOUNT
$900,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2016-06-28
5% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$9,546
AT RATE
5%
recorded at approval
TOTAL INTEREST
$245,508
over 10 yrs
TOTAL REPAID
$1,145,508

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
NOVI, MI 48375
INDUSTRY
Showcase, Partition, Shelving, and Locker Manufacturing · NAICS 337215
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
11
NOVI, MI 48375

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