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SBA 7(a)Active, details exempt

SGH Enterprises, Inc

MAPLE GROVE, MNGranite BankOther Building Equipment Contractors · NAICS 238290
APPROVAL AMOUNT
$680,000
PROGRAM
SBA 7(a)
6 years term
APPROVED
2021-05-12
5.75% rate
JOBS SUPPORTED
7
Borrower-reported

Estimated monthly payment

MONTHLY
$10,581
AT RATE
5.75%
recorded at approval
TOTAL INTEREST
$134,752
over 6.4 yrs
TOTAL REPAID
$814,752

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
Other Building Equipment Contractors · NAICS 238290
BUSINESS STRUCTURE
Corporation
LOAN TERM
6 years
INITIAL INTEREST RATE
5.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
03
MAPLE GROVE, MN 55369

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