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SBA 7(a)Active, details exempt

SMILTIS Corporation

PORTAGE, MIThe Huntington National BankFitness and Recreational Sports Centers · NAICS 713940
APPROVAL AMOUNT
$425,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-11-15
11.25% rate
JOBS SUPPORTED
18
Borrower-reported

Estimated monthly payment

MONTHLY
$5,922
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$285,097
over 10 yrs
TOTAL REPAID
$710,597

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
PORTAGE, MI 49002
INDUSTRY
Fitness and Recreational Sports Centers · NAICS 713940
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
PORTAGE, MI 49002

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