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SBA 7(a)Committed, not yet disbursed

Perch Lake Construction Inc

CLOQUET, MNWoodlands National BankPoured Concrete Foundation and Structure Contractors · NAICS 238110
APPROVAL AMOUNT
$20,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2023-01-31
9% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$253
AT RATE
9%
recorded at approval
TOTAL INTEREST
$10,402
over 10 yrs
TOTAL REPAID
$30,402

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
CLOQUET, MN 55720
INDUSTRY
Poured Concrete Foundation and Structure Contractors · NAICS 238110
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
08
CLOQUET, MN 55720

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