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SBA 7(a)Committed, not yet disbursed

Michigan Rose Homes

SALINE, MIBank of Ann ArborResidential Remodelers · NAICS 236118
APPROVAL AMOUNT
$400,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2026-05-19
9% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$6,436
AT RATE
9%
recorded at approval
TOTAL INTEREST
$140,593
over 7 yrs
TOTAL REPAID
$540,593

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
SALINE, MI 48176
INDUSTRY
Residential Remodelers · NAICS 236118
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
07
SALINE, MI 48176

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