Sunsky Properties, LLC
Sunsky Properties, LLC is located in Ramsey, MN, and the SBA lists its industry as Commercial Printing (except Screen and Books). It was approved for an SBA 7(a) loan of $1,593,000 for a change of ownership on May 15, 2024.
SBA 7(a) loan, change of ownership, approved May 15, 2024
- Gross approval
- $1,593,000
- SBA-guaranteed amount
- $1,194,750 (75% of the approval)
- Lender
- EntreBank, Bloomington, MN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 15, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $12,032 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Project location
- Anoka County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- Average acquisition loan in Minnesota: $1,482,119.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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