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SBA 7(a)Committed, not yet disbursed

River City Flooring, Inc.

HUDSONVILLE, MILake Michigan CUFlooring Contractors · NAICS 238330
APPROVAL AMOUNT
$3,100,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-22
6.75% rate
JOBS SUPPORTED
26
Borrower-reported

Estimated monthly payment

MONTHLY
$35,595
AT RATE
6.75%
recorded at approval
TOTAL INTEREST
$1,171,457
over 10 yrs
TOTAL REPAID
$4,271,457

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
HUDSONVILLE, MI 49426
INDUSTRY
Flooring Contractors · NAICS 238330
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
6.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
HUDSONVILLE, MI 49426

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