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SBA 7(a)Active, details exempt

THE SHORELINE CENTER, LLC

GRAND HAVEN, MIChoiceOne BankOffices of Physicians (except Mental Health Specialists) · NAICS 621111
APPROVAL AMOUNT
$612,100
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-03-04
8.25% rate
JOBS SUPPORTED
39
Borrower-reported

Estimated monthly payment

MONTHLY
$7,508
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$288,808
over 10 yrs
TOTAL REPAID
$900,908

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
GRAND HAVEN, MI 49417
INDUSTRY
Offices of Physicians (except Mental Health Specialists) · NAICS 621111
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
GRAND HAVEN, MI 49417

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