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C&c Monterey Pm Inc

Monterey, CA · Residential Property Managers · NAICS 531311

C&c Monterey Pm Inc is a residential property management business in Monterey, California, classified under NAICS 531311. The company was financed with an SBA 7(a) loan for a change of ownership totaling $500,000, approved on January 16, 2025, by BMO Bank National Association.

SBA 7(a) loan, change of ownership, approved Jan 16, 2025

$500,000 approvedLender: BMO Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
BMO Bank National Association, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.9%, fixed
Term
10 years (120 months)
Estimated maturity
January 16, 2035 (estimated, approval date plus term)
Estimated monthly payment
$5,780 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
531311, Residential Property Managers
Project location
Monterey County, CA
SBA district office
Fresno District Office
Congressional district
CA-20
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Residential Property Managers: $1,260,244.
  • Average acquisition loan in California: $1,688,228.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in California