SBA 7(a)Committed, not yet disbursed

PRESTON HOME LOANS LLC

GRAND BLANC, MIChoiceOne BankMortgage and Nonmortgage Loan Brokers · NAICS 522310

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APPROVAL AMOUNT

$450,000

PROGRAM

SBA 7(a)

25 years term

APPROVED

2026-06-12

7.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$3,253

AT RATE

7.25%

recorded at approval

TOTAL INTEREST

$525,789

over 25 yrs

TOTAL REPAID

$975,789

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

GRAND BLANC, MI 48439

INDUSTRY

Mortgage and Nonmortgage Loan Brokers · NAICS 522310

BUSINESS STRUCTURE

Corporation

LOAN TERM

25 years

INITIAL INTEREST RATE

7.25%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

GRAND BLANC, MI 48439

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