Enchanted Lands Realtors, Inc.
Enchanted Lands Realtors, Inc. is a business in Roswell, New Mexico, in the offices of real estate agents and brokers industry (NAICS 531210). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,423,000, through Heritage Bank Inc, with approval dated June 17, 2025.
SBA 7(a) loan, change of ownership, approved Jun 17, 2025
$2,423,000 approvedLender: Heritage Bank Inc25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,423,000
- SBA-guaranteed amount
- $1,817,250 (75% of the approval)
- Lender
- Heritage Bank Inc, Burlington, KY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 17, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $22,018 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531210, Offices of Real Estate Agents and Brokers
- Project location
- Chaves County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Offices of Real Estate Agents and Brokers on this site.
- Average acquisition loan in Offices of Real Estate Agents and Brokers: $1,593,492.
- Average acquisition loan in New Mexico: $1,985,089.
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.
Is this your company? Claim or correct this listing. See Corrections.