How to Get a Loan for Residential Property Managers

Looking for business loans for residential property managers? Try the SBA. This $88,000 residential property managers loan was issued by a Maine bank.

This small business knew how to go about getting a business bank loan. Based in Hollis Center, Maine, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Rivergreen Bank, based in Kennebunk, Maine.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL PROPERTY MANAGERS
HOLLIS CENTER, ME 04042

SBA Loan Lender

RIVERGREEN BANK
36 PORTLAND RD
KENNEBUNK, ME 04043

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531311 - Residential Property Managers

Loan Approval Date

5/22/2007

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $44,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

How Equity Dilution Works

Where to Get an SBA Loan in Kennebunk, Maine

Maine SBA 7A Lenders