SBA 7(a)Committed, not yet disbursed

Provincial Hospitality, LLC

ANN ARBOR, MIChelsea State BankFull-Service Restaurants · NAICS 722511

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APPROVAL AMOUNT

$803,600

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-06-22

7.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$9,539

AT RATE

7.5%

recorded at approval

TOTAL INTEREST

$341,065

over 10 yrs

TOTAL REPAID

$1,144,665

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

ANN ARBOR, MI 48104

INDUSTRY

Full-Service Restaurants · NAICS 722511

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

7.5%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

ANN ARBOR, MI 48104

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