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SBA 7(a)Active, details exempt

Key HR Associates

BURNSVILLE, MNNewtek Small Business Finance, Inc.Child Day Care Services · NAICS 624410
APPROVAL AMOUNT
$1,815,000
PROGRAM
SBA 7(a)
21 years term
APPROVED
2019-03-25
8.25% rate
JOBS SUPPORTED
14
Borrower-reported

Estimated monthly payment

MONTHLY
$15,224
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$1,990,920
over 20.8 yrs
TOTAL REPAID
$3,805,920

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
BURNSVILLE, MN 55306
INDUSTRY
Child Day Care Services · NAICS 624410
BUSINESS STRUCTURE
Corporation
LOAN TERM
21 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
02
BURNSVILLE, MN 55306

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