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SBA 7(a)Active, details exempt

Michigan Ninjas, LLC

MACOMB, MIThe Huntington National BankAll Other Miscellaneous Schools and Instruction · NAICS 611699
APPROVAL AMOUNT
$319,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2019-11-20
7.5% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$6,574
AT RATE
7.5%
recorded at approval
TOTAL INTEREST
$62,289
over 4.8 yrs
TOTAL REPAID
$381,289

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 Miscellaneous Schools and Instruction · NAICS 611699
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
7.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
10
MACOMB, MI 48042

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