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SBA 7(a)Paid in Full

PORTAGE PRECISION POLYMERS, INC.

Ravenna, OHThe Huntington National BankAll Other Plastics Product Manufacturing · NAICS 326199
APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
7 years term
APPROVED
2011-05-11
2.71% rate
JOBS SUPPORTED
80
Borrower-reported

Estimated monthly payment

MONTHLY
$6,542
AT RATE
2.71%
recorded at approval
TOTAL INTEREST
$49,486
over 7 yrs
TOTAL REPAID
$549,486

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
Ravenna, OH 44266
INDUSTRY
All Other Plastics Product Manufacturing · NAICS 326199
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
2.71%
LOAN STATUS
Paid in Full
Ravenna, OH 44266

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