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SBA 7(a)Active, details exempt

Pie Plastics Inc.

PORT HURON, MIThe Huntington National BankOther Industrial Machinery Manufacturing · NAICS 333249
APPROVAL AMOUNT
$315,000
PROGRAM
SBA 7(a)
12 years term
APPROVED
2020-12-07
4% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$2,773
AT RATE
4%
recorded at approval
TOTAL INTEREST
$81,532
over 11.9 yrs
TOTAL REPAID
$396,532

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
PORT HURON, MI 48060
INDUSTRY
Other Industrial Machinery Manufacturing · NAICS 333249
BUSINESS STRUCTURE
Corporation
LOAN TERM
12 years
INITIAL INTEREST RATE
4%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
10
PORT HURON, MI 48060

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