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SBA 7(a)Committed, not yet disbursed

Forever Green Liquors LLC

FOREST LAKE, MNThe Huntington National BankBeer, Wine, and Liquor Retailers · NAICS 445320
APPROVAL AMOUNT
$25,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2022-08-02
8.25% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$307
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$11,796
over 10 yrs
TOTAL REPAID
$36,796

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
FOREST LAKE, MN 55025
INDUSTRY
Beer, Wine, and Liquor Retailers · NAICS 445320
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
FOREST LAKE, MN 55025

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