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SBA 7(a)Active, details exempt

Emerick Inc.

EDINA, MNThe Huntington National BankOther Personal Care Services · NAICS 812199
APPROVAL AMOUNT
$760,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2024-03-12
11.25% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$10,061
AT RATE
11.25%
recorded at approval
TOTAL INTEREST
$567,988
over 11 yrs
TOTAL REPAID
$1,327,988

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
EDINA, MN 55435
INDUSTRY
Other Personal Care Services · NAICS 812199
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
11.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
EDINA, MN 55435

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