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SBA 7(a)Committed, not yet disbursed

NORTH FIFTH STREET

DULUTH, MNCenterstone SBA Lending, Inc.Finish Carpentry Contractors · NAICS 238350
APPROVAL AMOUNT
$620,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-22
9.25% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$7,938
AT RATE
9.25%
recorded at approval
TOTAL INTEREST
$332,563
over 10 yrs
TOTAL REPAID
$952,563

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
DULUTH, MN 55804
INDUSTRY
Finish Carpentry Contractors · NAICS 238350
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.25%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
DULUTH, MN 55804

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