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SBA 7(a)Committed, not yet disbursed

TODD & DEAN ELECTRIC INC.

HUDSONVILLE, MIThe Huntington National BankElectrical Contractors and Other Wiring Installation Contractors · NAICS 238210
APPROVAL AMOUNT
$246,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-05-06
9.8% rate
JOBS SUPPORTED
0
Borrower-reported

Estimated monthly payment

MONTHLY
$3,224
AT RATE
9.8%
recorded at approval
TOTAL INTEREST
$140,847
over 10 yrs
TOTAL REPAID
$386,847

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
HUDSONVILLE, MI 49426
INDUSTRY
Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.8%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
HUDSONVILLE, MI 49426

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