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May 1, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > Regal Bank & Trust Owings Mills Business Loans > Real Estate Investment Trusts Loan | ||||
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Owings Mills SBA Lenders
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Owings Mills, Maryland Lender Lends Money to Real Estate Investment Trusts CompanyAn Owings Mills, Maryland small business loan can be yours. Learn how one firm got a $193,500 business loan from this Maryland bank. This loan to an entrepreneur is a good example of an SBA loan. Regal Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Maryland entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: REAL ESTATE INVESTMENT TRUSTS SBA Loan Lender REGAL BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6798 - Real Estate Investment Trusts NAICS Code 332510 - Hardware Manufacturing Loan Approval Date 6/18/2004 Loan Approval Gross Amount $193,500 Loan Approval from the SBA Of the total $193,500 loan amount, the SBA guaranteed $145,125. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Banks in Owings Mills, Maryland Getting an SBA Loan in Maryland
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