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SBA 7(a)Active, details exempt

Vedo Outsourcing LLC

DETROIT, MICitizens BankGeneral Warehousing and Storage · NAICS 493110
APPROVAL AMOUNT
$3,458,800
PROGRAM
SBA 7(a)
26 years term
APPROVED
2026-04-04
7.75% rate
JOBS SUPPORTED
32
Borrower-reported

Estimated monthly payment

MONTHLY
$25,959
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$4,484,519
over 25.5 yrs
TOTAL REPAID
$7,943,319

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
General Warehousing and Storage · NAICS 493110
BUSINESS STRUCTURE
Corporation
LOAN TERM
26 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
13
DETROIT, MI 48238

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