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SBA 7(a)Active, details exempt

Free Range Mental Health PLLC

NORTHFIELD, MNCommunity Resource BankOffices of Mental Health Practitioners (except Physicians) · NAICS 621330
APPROVAL AMOUNT
$193,500
PROGRAM
SBA 7(a)
7 years term
APPROVED
2026-04-22
7% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$2,920
AT RATE
7%
recorded at approval
TOTAL INTEREST
$51,816
over 7 yrs
TOTAL REPAID
$245,316

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
NORTHFIELD, MN 55057
INDUSTRY
Offices of Mental Health Practitioners (except Physicians) · NAICS 621330
BUSINESS STRUCTURE
Corporation
LOAN TERM
7 years
INITIAL INTEREST RATE
7%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
01
NORTHFIELD, MN 55057

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