SBA 7(a)Committed, not yet disbursed

Rigelstar Development, LLC

HOWELL, MIChelsea State BankFitness and Recreational Sports Centers · NAICS 713940

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APPROVAL AMOUNT

$2,000,000

PROGRAM

SBA 7(a)

21 years term

APPROVED

2026-06-30

7.25% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$15,475

AT RATE

7.25%

recorded at approval

TOTAL INTEREST

$1,899,684

over 21 yrs

TOTAL REPAID

$3,899,684

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

HOWELL, MI 48843

INDUSTRY

Fitness and Recreational Sports Centers · NAICS 713940

BUSINESS STRUCTURE

Corporation

LOAN TERM

21 years

INITIAL INTEREST RATE

7.25%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

HOWELL, MI 48843

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