Gain Property Management, Inc
Gain Property Management, Inc is a nonresidential property management business located in Tampa, Florida, operating in the Nonresidential Property Managers industry (NAICS 531312). The company was financed with an SBA 7(a) loan for a change of ownership of $995,000, approved on January 9, 2024 through North State Bank.
SBA 7(a) loan, change of ownership, approved Jan 9, 2024
- Gross approval
- $995,000
- SBA-guaranteed amount
- $746,250 (75% of the approval)
- Lender
- North State Bank, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,847 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 531312, Nonresidential Property Managers
- Project location
- Hillsborough County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Nonresidential Property Managers: $1,173,414.
- Average acquisition loan in Florida: $1,808,559.
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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