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SBA 7(a)Committed, not yet disbursed

GovDocs, Inc.

EAGAN, MNChoice Financial GroupComputing Infrastructure Providers, Data Processing, Web Hosting, and Related Services · NAICS 518210
APPROVAL AMOUNT
$950,000
PROGRAM
SBA 7(a)
2 years term
APPROVED
2025-06-18
7.75% rate
JOBS SUPPORTED
80
Borrower-reported

Estimated monthly payment

MONTHLY
$42,858
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$78,585
over 2 yrs
TOTAL REPAID
$1,028,585

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
EAGAN, MN 55121
INDUSTRY
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services · NAICS 518210
BUSINESS STRUCTURE
Corporation
LOAN TERM
2 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
EAGAN, MN 55121

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