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SBA 7(a)Active, details exempt

SPARKS AND SOMMERS INSULATION CO. ,INC

EASTPOINTE, MINortheast BankDrywall and Insulation Contractors · NAICS 238310
APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2017-09-22
7% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$1,742
AT RATE
7%
recorded at approval
TOTAL INTEREST
$58,995
over 10 yrs
TOTAL REPAID
$208,995

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
EASTPOINTE, MI 48021
INDUSTRY
Drywall and Insulation Contractors · NAICS 238310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
09
EASTPOINTE, MI 48021

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