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SBA 7(a)Active, details exempt

Sumo Grill Novi LLC

NOVI, MITowneBankLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$1,133,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-02-19
9.5% rate
JOBS SUPPORTED
15
Borrower-reported

Estimated monthly payment

MONTHLY
$14,243
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$661,634
over 10.5 yrs
TOTAL REPAID
$1,794,634

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
NOVI, MI 48375
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
11
NOVI, MI 48375

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