SBA 7(a)Committed, not yet disbursed

Wallace McWallarson LLC

WHITE BEAR LAKE, MNCitizens BankFitness and Recreational Sports Centers · NAICS 713940

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APPROVAL AMOUNT

$555,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-04-09

9.5% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$7,043

AT RATE

9.5%

recorded at approval

TOTAL INTEREST

$318,309

over 10.3 yrs

TOTAL REPAID

$873,309

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

WHITE BEAR LAKE, MN 55110

INDUSTRY

Fitness and Recreational Sports Centers · NAICS 713940

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

9.5%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

WHITE BEAR LAKE, MN 55110

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