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SBA 7(a)Active, details exempt

Chaska Laundry Center

CHASKA, MNFrandsen Bank and TrustCoin-Operated Laundries and Drycleaners · NAICS 812310
APPROVAL AMOUNT
$310,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-01
7.25% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$3,639
AT RATE
7.25%
recorded at approval
TOTAL INTEREST
$126,732
over 10 yrs
TOTAL REPAID
$436,732

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
CHASKA, MN 55318
INDUSTRY
Coin-Operated Laundries and Drycleaners · NAICS 812310
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
CHASKA, MN 55318

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