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SBA 7(a)Paid in Full

Pride Electric Inc.

MAPLE GROVE, MNFarmers and Merchants Savings BankElectrical Contractors and Other Wiring Installation Contractors · NAICS 238210
APPROVAL AMOUNT
$700,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2021-08-06
3.95% rate
JOBS SUPPORTED
23
Borrower-reported

Estimated monthly payment

MONTHLY
$7,071
AT RATE
3.95%
recorded at approval
TOTAL INTEREST
$148,464
over 10 yrs
TOTAL REPAID
$848,464

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
MAPLE GROVE, MN 55369
INDUSTRY
Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
3.95%
LOAN STATUS
Paid in Full
CONGRESSIONAL DIST.
03
MAPLE GROVE, MN 55369

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