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SBA 7(a)Committed, not yet disbursed

JT Borgen Manufacturing Inc

ST LOUIS PARK, MNU.S. Bank, National AssociationAll Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2025-08-26
10.5% rate
JOBS SUPPORTED
13
Borrower-reported

Estimated monthly payment

MONTHLY
$4,723
AT RATE
10.5%
recorded at approval
TOTAL INTEREST
$216,727
over 10 yrs
TOTAL REPAID
$566,727

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
ST LOUIS PARK, MN 55426
INDUSTRY
All Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
10.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
03
ST LOUIS PARK, MN 55426

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