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SBA 7(a)Cancelled

On Target Building Services, Inc.

HOLLAND, MICRF Small Business Loan Company, LLCJanitorial Services · NAICS 561720
APPROVAL AMOUNT
$1,450,000
PROGRAM
SBA 7(a)
15 years term
APPROVED
2022-12-05
9.75% rate
JOBS SUPPORTED
39
Borrower-reported

Estimated monthly payment

MONTHLY
$15,361
AT RATE
9.75%
recorded at approval
TOTAL INTEREST
$1,314,937
over 15 yrs
TOTAL REPAID
$2,764,937

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
HOLLAND, MI 49424
INDUSTRY
Janitorial Services · NAICS 561720
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
9.75%
LOAN STATUS
Cancelled
CONGRESSIONAL DIST.
02
HOLLAND, MI 49424

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