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SBA 7(a)Paid in Full

Stonebridge Coatings Laboratory, Inc.

HOWELL, MIChoiceOne BankAll Other Professional, Scientific, and Technical Services · NAICS 541990
APPROVAL AMOUNT
$475,700
PROGRAM
SBA 7(a)
25 years term
APPROVED
2019-09-13
4.75% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$2,712
AT RATE
4.75%
recorded at approval
TOTAL INTEREST
$337,914
over 25 yrs
TOTAL REPAID
$813,614

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
HOWELL, MI 48843
INDUSTRY
All Other Professional, Scientific, and Technical Services · NAICS 541990
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
4.75%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
08
HOWELL, MI 48843

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