Get an SBA Loan for Homes for the Elderly

Looking for small business loans for homes for the elderly? Talk to a banker who works with the SBA. This $729,000 homes for the elderly loan was issued by a Maryland bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Eagle Bancorp, Inc, out of Bethesda, Maryland. The loan was granted and they received $729,000 to help grow their Parkville, Maryland business.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
PARKVILLE, MD 21234

SBA Loan Lender

EAGLE BANCORP, INC
7815 WOODMONT AVE
BETHESDA, MD 20814

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

6/26/2001

Loan Approval Gross Amount

$729,000

Loan Approval from the SBA

Of the total $729,000 loan amount, the SBA guaranteed $546,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Eagle Bancorp, Inc and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

SBA Approved Banks in Bethesda, Maryland

Where to Get an SBA Loan Maryland