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SBA 7(a)Paid in Full

Dotty Brothers Construction, Inc.

PEQUOT LAKES, MNFirst Western Bank & TrustNew Single-Family Housing Construction (except For-Sale Builders) · NAICS 236115
APPROVAL AMOUNT
$100,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-04-20
5% rate
JOBS SUPPORTED
22
Borrower-reported

Estimated monthly payment

MONTHLY
$1,061
AT RATE
5%
recorded at approval
TOTAL INTEREST
$27,279
over 10 yrs
TOTAL REPAID
$127,279

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
PEQUOT LAKES, MN 56472
INDUSTRY
New Single-Family Housing Construction (except For-Sale Builders) · NAICS 236115
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
5%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
08
PEQUOT LAKES, MN 56472

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