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SBA 7(a)Active, details exempt

Lee's Ceramics, Inc.

EDINA, MNPlatinum BankTile and Terrazzo Contractors · NAICS 238340
APPROVAL AMOUNT
$750,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-08
8.25% rate
JOBS SUPPORTED
45
Borrower-reported

Estimated monthly payment

MONTHLY
$9,199
AT RATE
8.25%
recorded at approval
TOTAL INTEREST
$353,874
over 10 yrs
TOTAL REPAID
$1,103,874

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
EDINA, MN 55439
INDUSTRY
Tile and Terrazzo Contractors · NAICS 238340
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.25%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
EDINA, MN 55439

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