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SBA 7(a)Active, details exempt

Stallworth A.F.C. #1 Corporation

DETROIT, MIHanover Community BankAssisted Living Facilities for the Elderly · NAICS 623312
APPROVAL AMOUNT
$2,103,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-04-21
8.75% rate
JOBS SUPPORTED
28
Borrower-reported

Estimated monthly payment

MONTHLY
$17,290
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$3,083,904
over 25 yrs
TOTAL REPAID
$5,186,904

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
DETROIT, MI 48238
INDUSTRY
Assisted Living Facilities for the Elderly · NAICS 623312
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
13
DETROIT, MI 48238

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