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SBA 7(a)Committed, not yet disbursed

Shawny Mac's LLC

MINNEAPOLIS, MNChoice Financial GroupRetail Bakeries · NAICS 311811
APPROVAL AMOUNT
$400,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-05-12
8.95% rate
JOBS SUPPORTED
11
Borrower-reported

Estimated monthly payment

MONTHLY
$5,056
AT RATE
8.95%
recorded at approval
TOTAL INTEREST
$206,746
over 10 yrs
TOTAL REPAID
$606,746

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
MINNEAPOLIS, MN 55419
INDUSTRY
Retail Bakeries · NAICS 311811
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.95%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
05
MINNEAPOLIS, MN 55419

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