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SBA 7(a)Committed, not yet disbursed

Lake Country Decks

ANNANDALE, MNChoice Financial GroupAll Other Specialty Trade Contractors · NAICS 238990
APPROVAL AMOUNT
$280,000
PROGRAM
SBA 7(a)
13 years term
APPROVED
2026-05-21
7.75% rate
JOBS SUPPORTED
6
Borrower-reported

Estimated monthly payment

MONTHLY
$2,897
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$160,400
over 12.7 yrs
TOTAL REPAID
$440,400

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
ANNANDALE, MN 55302
INDUSTRY
All Other Specialty Trade Contractors · NAICS 238990
BUSINESS STRUCTURE
Corporation
LOAN TERM
13 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
ANNANDALE, MN 55302

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