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SBA 7(a)Active, details exempt

Caille Farm LLC

MONTICELLO, MNReadycap Lending, LLCHorses and Other Equine Production · NAICS 112920
APPROVAL AMOUNT
$850,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2024-03-06
11.5% rate
JOBS SUPPORTED
4
Borrower-reported

Estimated monthly payment

MONTHLY
$8,640
AT RATE
11.5%
recorded at approval
TOTAL INTEREST
$1,741,996
over 25 yrs
TOTAL REPAID
$2,591,996

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
MONTICELLO, MN 55362
INDUSTRY
Horses and Other Equine Production · NAICS 112920
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
11.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
MONTICELLO, MN 55362

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