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SBA 7(a)Current

McGeehan Funeral Homes, LLC

Chesaning, MILive Oak Banking CompanyFuneral Homes and Funeral Services · NAICS 812210
APPROVAL AMOUNT
$1,197,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-08-14
6.5% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$8,082
AT RATE
6.5%
recorded at approval
TOTAL INTEREST
$1,227,669
over 25 yrs
TOTAL REPAID
$2,424,669

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
Chesaning, MI 48616
INDUSTRY
Funeral Homes and Funeral Services · NAICS 812210
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
6.5%
LOAN STATUS
Current
Chesaning, MI 48616

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