SBA 7(a)Paid in Full

STEPP MANUFACTURING INC

NORTH BRANCH, MNByline BankConstruction Machinery Manufacturing · NAICS 333120

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APPROVAL AMOUNT

$100,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2021-02-05

6% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$1,110

AT RATE

recorded at approval

TOTAL INTEREST

$33,225

over 10 yrs

TOTAL REPAID

$133,225

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

NORTH BRANCH, MN 55056

INDUSTRY

Construction Machinery Manufacturing · NAICS 333120

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

LOAN STATUS

Paid in Full

CONGRESSIONAL DIST.

NORTH BRANCH, MN 55056

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