Bank Of America Provides SBA Loan to Buy Era Realty Franchise

Borrowing money to buy an Era Realty franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Moses Lake, Washington needed money to invest in an Era Realty franchise back in 2000. Bank Of America issued an SBA franchise loan. Here are the details on this Washington small business loan.

SBA Loan Borrower

ERA SUNSET REAL ESTATE
MOSES LAKE, WA 98837

SBA Loan Lender

BANK OF AMERICA
701 5TH AVE
SEATTLE, WA 98104

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

Loan Approval Date

3/7/2000

Loan Approval Gross Amount

$64,000

Loan Approval from the SBA

Of the total $64,000 loan amount, the SBA guaranteed $51,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Era Realty franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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ERA Franchise Systems, Inc.

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