SBA 7(a)Active, details exempt

Southern Minnesota Woodcraft LLC

FARIBAULT, MNOld National BankAll Other Specialty Trade Contractors · NAICS 238990

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APPROVAL AMOUNT

$3,225,700

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-04-19

7.83% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$38,847

AT RATE

7.83%

recorded at approval

TOTAL INTEREST

$1,435,998

over 10 yrs

TOTAL REPAID

$4,661,698

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

FARIBAULT, MN 55021

INDUSTRY

All Other Specialty Trade Contractors · NAICS 238990

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

7.83%

LOAN STATUS

Active, details exempt

CONGRESSIONAL DIST.

FARIBAULT, MN 55021

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