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SBA 7(a)Paid in Full

Natural Log Cabins LLC

Tustin, MIThe Huntington National BankNew Single-Family Housing Construction (except Operative Builders) · NAICS 236115
APPROVAL AMOUNT
$50,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2009-08-20
6.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$736
AT RATE
6.25%
recorded at approval
TOTAL INTEREST
$11,861
over 7 yrs
TOTAL REPAID
$61,861

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
Tustin, MI 49688
INDUSTRY
New Single-Family Housing Construction (except Operative Builders) · NAICS 236115
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
6.25%
LOAN STATUS
Paid in Full
Tustin, MI 49688

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