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SBA 7(a)Active, details exempt

NATE'S PAINTING LLC

MONTICELLO, MNReadycap Lending, LLCPainting and Wall Covering Contractors · NAICS 238320
APPROVAL AMOUNT
$350,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-01-28
9.5% rate
JOBS SUPPORTED
9
Borrower-reported

Estimated monthly payment

MONTHLY
$4,529
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$193,470
over 10 yrs
TOTAL REPAID
$543,470

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
MONTICELLO, MN 55362
INDUSTRY
Painting and Wall Covering Contractors · NAICS 238320
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
06
MONTICELLO, MN 55362

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