SBA 7(a)Paid in Full

Skin Love by Kayla LLC

MOUNT MORRIS, MIThe Huntington National BankBeauty Salons · NAICS 812112

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APPROVAL AMOUNT

$8,300

PROGRAM

SBA 7(a)

5 years term

APPROVED

2024-12-10

9.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$175

AT RATE

9.75%

recorded at approval

TOTAL INTEREST

$2,220

over 5 yrs

TOTAL REPAID

$10,520

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

MOUNT MORRIS, MI 48458

INDUSTRY

Beauty Salons · NAICS 812112

BUSINESS STRUCTURE

Corporation

LOAN TERM

5 years

INITIAL INTEREST RATE

9.75%

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

MOUNT MORRIS, MI 48458

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