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SBA 7(a)Committed, not yet disbursed

Donovan Companies Inc

MONTICELLO, MNHiawatha National BankSiding Contractors · NAICS 238170
APPROVAL AMOUNT
$250,000
PROGRAM
SBA 7(a)
8 years term
APPROVED
2026-05-12
7.75% rate
JOBS SUPPORTED
8
Borrower-reported

Estimated monthly payment

MONTHLY
$3,584
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$83,332
over 7.8 yrs
TOTAL REPAID
$333,332

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
Siding Contractors · NAICS 238170
BUSINESS STRUCTURE
Corporation
LOAN TERM
8 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
MONTICELLO, MN 55362

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