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SBA 7(a)Committed, not yet disbursed

Second Half Ventures LLC

MENDOTA HEIGHTS, MNFifth Third BankFull-Service Restaurants · NAICS 722511
APPROVAL AMOUNT
$1,360,000
PROGRAM
SBA 7(a)
11 years term
APPROVED
2026-05-19
9% rate
JOBS SUPPORTED
54
Borrower-reported

Estimated monthly payment

MONTHLY
$16,723
AT RATE
9%
recorded at approval
TOTAL INTEREST
$747,067
over 10.5 yrs
TOTAL REPAID
$2,107,067

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
MENDOTA HEIGHTS, MN 55118
INDUSTRY
Full-Service Restaurants · NAICS 722511
BUSINESS STRUCTURE
Corporation
LOAN TERM
11 years
INITIAL INTEREST RATE
9%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
02
MENDOTA HEIGHTS, MN 55118

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