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SBA 7(a)Paid in Full

WalkerhealthcareIT LLC

BLOOMFIELD HILLS, MIChoiceOne BankProfessional Employer Organizations · NAICS 561330
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APPROVAL AMOUNT
$851,800
PROGRAM
SBA 7(a)
10 years term
APPROVED
2020-01-30
5.5% rate
JOBS SUPPORTED
16
Borrower-reported

Estimated monthly payment

MONTHLY
$9,244
AT RATE
5.5%
recorded at approval
TOTAL INTEREST
$257,512
over 10 yrs
TOTAL REPAID
$1,109,312

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
BLOOMFIELD HILLS, MI 48304
INDUSTRY
Professional Employer Organizations · NAICS 561330
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5.5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
09
BLOOMFIELD HILLS, MI 48304

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