SBA 7(a)Paid in Full

Lake May Enterprises LLC

WALKER, MNBank ForwardLessors of Residential Buildings and Dwellings · NAICS 531110

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APPROVAL AMOUNT

$181,000

PROGRAM

SBA 7(a)

5 years term

APPROVED

2021-03-16

4.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$3,374

AT RATE

4.5%

recorded at approval

TOTAL INTEREST

$21,463

over 5 yrs

TOTAL REPAID

$202,463

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

WALKER, MN 56484

INDUSTRY

Lessors of Residential Buildings and Dwellings · NAICS 531110

BUSINESS STRUCTURE

Corporation

LOAN TERM

5 years

INITIAL INTEREST RATE

4.5%

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

WALKER, MN 56484

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