Fenwick Island Management LLC
Fenwick Island Management LLC is a business in Fenwick Island, Delaware, in the Offices of Real Estate Agents and Brokers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.4 million, with Truliant FCU as the lender and an approval date of July 30, 2026.
SBA 7(a) loan, change of ownership, approved Jul 30, 2026
$2,436,000 approvedLender: Truliant FCU25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,436,000
- SBA-guaranteed amount
- $1,827,000 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $21,283 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 5, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 531210, Offices of Real Estate Agents and Brokers
- Project location
- Sussex County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% 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 Delaware: $1,875,271.
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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