SBA 7(a)Active, details exempt

Marquis Remodeling & Construction Services

PARMA HEIGHTS, OHThe Huntington National BankPainting and Wall Covering Contractors · NAICS 238320

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APPROVAL AMOUNT

$300,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2023-07-10

11% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$4,133

AT RATE

11%

recorded at approval

TOTAL INTEREST

$195,900

over 10 yrs

TOTAL REPAID

$495,900

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

PARMA HEIGHTS, OH 44130

INDUSTRY

Painting and Wall Covering Contractors · NAICS 238320

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

11%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

PARMA HEIGHTS, OH 44130

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