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SBA 7(a)Committed, not yet disbursed

Elevate Wellness Agency LLC

CLOQUET, MNFrandsen Bank and TrustOther Residential Care Facilities · NAICS 623990
APPROVAL AMOUNT
$299,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-12
8.75% rate
JOBS SUPPORTED
90
Borrower-reported

Estimated monthly payment

MONTHLY
$3,747
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$150,672
over 10 yrs
TOTAL REPAID
$449,672

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
Other Residential Care Facilities · NAICS 623990
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
CLOQUET, MN 55720

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