Find Lenders
SBA 7(a)Active, details exempt

SE MICHIGAN STORAGE INC.

ANN ARBOR, MILive Oak Banking CompanyLessors of Miniwarehouses and Self-Storage Units · NAICS 531130
APPROVAL AMOUNT
$2,110,000
PROGRAM
SBA 7(a)
15 years term
APPROVED
2023-01-06
7.9% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$20,043
AT RATE
7.9%
recorded at approval
TOTAL INTEREST
$1,497,675
over 15 yrs
TOTAL REPAID
$3,607,675

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 48103
INDUSTRY
Lessors of Miniwarehouses and Self-Storage Units · NAICS 531130
BUSINESS STRUCTURE
Corporation
LOAN TERM
15 years
INITIAL INTEREST RATE
7.9%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
07
ANN ARBOR, MI 48103

Other loans from this lender · Live Oak Banking Company

View all 17,173 loans from Live Oak Banking Company

Nearby loans · within 10 miles