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SBA 7(a)Committed, not yet disbursed

Shoot Steel, Inc

ELK RIVER, MNBell BankAll Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999
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APPROVAL AMOUNT
$500,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-26
7.75% rate
JOBS SUPPORTED
12
Borrower-reported

Estimated monthly payment

MONTHLY
$6,001
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$220,064
over 10 yrs
TOTAL REPAID
$720,064

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
ELK RIVER, MN 55330
INDUSTRY
All Other Miscellaneous Fabricated Metal Product Manufacturing · NAICS 332999
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
06
ELK RIVER, MN 55330

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All Other Miscellaneous Fabricated Metal Product Manufacturing · ELK RIVER, MN
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