Baltimore Highlands, MD Entrepreneur Gets SBA Loan to Buy Century 21 Franchise

Need a loan to buy a Century 21 franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Century 21 franchise loans are available to Baltimore Highlands, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Century 21 franchise in 2002. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

CENTURY 21 AMERICAN PATRIOT RE
BALTIMORE HIGHLANDS, MD 21236

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/8/2002

Loan Approval Gross Amount

$446,800

Loan Approval from the SBA

Of the total $446,800 loan amount, the SBA guaranteed $335,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 23 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Baltimore Highlands or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Century 21 Real Estate Corporation

Role of Business Plan When Raising Money

SBA Banks in Charlotte, North Carolina

Getting an SBA Loan in North Carolina