Get an SBA Loan for Real Estate Agents and Brokers
Looking for bank loans for real estate agents and brokers? Talk to a banker who works with the SBA. This $20,000 real estate agents and brokers loan was issued by a Massachusetts bank.
This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Berkshire Bank, out of Pittsfield, Massachusetts. The loan was granted and they received $20,000 to help grow their South Egremont, Massachusetts business.
SBA Loan Borrower
COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS
SOUTH EGREMONT, MA 01258
SBA Loan Lender
BERKSHIRE BANK
24 NORTH ST
PITTSFIELD, MA 01201
This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6531 - Real Estate Agents and Managers
NAICS Code
531210 - Real Estate Agents and Brokers
Loan Approval Date
5/14/2001
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $17,000.
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 only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start business in South Egremont MA, you ought to talk with a local South Egremont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Egremont businesses.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Berkshire Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Alternative Financing
Small Business Banks in Pittsfield, Massachusetts
SBA Participating Banks in Massachusetts