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SBA 7(a)Committed, not yet disbursed

Jersey Mike's

NORTH BRANCH, MNFrandsen Bank and TrustLimited-Service Restaurants · NAICS 722513
APPROVAL AMOUNT
$486,500
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-01
9.5% rate
JOBS SUPPORTED
17
Borrower-reported

Estimated monthly payment

MONTHLY
$6,295
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$268,923
over 10 yrs
TOTAL REPAID
$755,423

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
NORTH BRANCH, MN 55056
INDUSTRY
Limited-Service Restaurants · NAICS 722513
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
NORTH BRANCH, MN 55056

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