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SBA 7(a)Current

Resourceful Recycling, Inc.

Chesaning, MIChoiceOne BankRecyclable Material Merchant Wholesalers · NAICS 423930
APPROVAL AMOUNT
$200,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-11-03
10.5% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$2,699
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$123,844
over 10 yrs
TOTAL REPAID
$323,844

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
Chesaning, MI 48616
INDUSTRY
Recyclable Material Merchant Wholesalers · NAICS 423930
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Current
Chesaning, MI 48616

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