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SBA 7(a)Committed, not yet disbursed

MOLAR TOWN PLLC

NOVI, MILive Oak Banking CompanyOffices of Dentists · NAICS 621210
APPROVAL AMOUNT
$1,450,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2025-05-21
7.75% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$10,952
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$1,835,680
over 25 yrs
TOTAL REPAID
$3,285,680

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
Offices of Dentists · NAICS 621210
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
11
NOVI, MI 48375

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