Venkat A.R. Subramanian, owner of technology consulting firm Angarai International, expects to close on his first office condominium in Greenbelt this week with the help of a Small Business Administration 504 loan.
Prince George's Financial Services Corp., a nonprofit agency that's certified to manage state and federal loans, guided him through the process of securing 50 percent of the purchase price from a private lender to match the 40 percent backed by the agency. There was some frustration, with rejections from three lenders. And there was a false start, with a property deal that fell through.
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