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SBA 7(a)Committed, not yet disbursed

Northern Lights Solar Company LLC

WOODBURY, MNChoice Financial GroupWholesale Trade Agents and Brokers · NAICS 425120
APPROVAL AMOUNT
$160,000
PROGRAM
SBA 7(a)
5 years term
APPROVED
2026-06-12
7.75% rate
JOBS SUPPORTED
2
Borrower-reported

Estimated monthly payment

MONTHLY
$3,225
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$33,507
over 5 yrs
TOTAL REPAID
$193,507

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
WOODBURY, MN 55129
INDUSTRY
Wholesale Trade Agents and Brokers · NAICS 425120
BUSINESS STRUCTURE
Corporation
LOAN TERM
5 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
04
WOODBURY, MN 55129

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