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SBA 7(a)Active, details exempt

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CLOQUET, MNFrandsen Bank and TrustGeneral Automotive Repair · NAICS 811111
APPROVAL AMOUNT
$110,700
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-03-26
10.25% rate
JOBS SUPPORTED
3
Borrower-reported

Estimated monthly payment

MONTHLY
$1,478
AT RATE
10.25%
recorded at approval
TOTAL INTEREST
$66,693
over 10 yrs
TOTAL REPAID
$177,393

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
CLOQUET, MN 55720
INDUSTRY
General Automotive Repair · NAICS 811111
BUSINESS STRUCTURE
Individual
LOAN TERM
10 years
INITIAL INTEREST RATE
10.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
08
CLOQUET, MN 55720

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