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SBA 7(a)Active, details exempt

Skip's Pharmacy

HOLLAND, MIFirst Financial BankPharmacies and Drug Retailers · NAICS 456110
APPROVAL AMOUNT
$1,370,000
PROGRAM
SBA 7(a)
17 years term
APPROVED
2026-02-19
8.75% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$12,926
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$1,266,863
over 17 yrs
TOTAL REPAID
$2,636,863

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
HOLLAND, MI 49423
INDUSTRY
Pharmacies and Drug Retailers · NAICS 456110
BUSINESS STRUCTURE
Corporation
LOAN TERM
17 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
HOLLAND, MI 49423

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