Best-Met Publishing Company, Inc.
Best-Met Publishing Company, Inc. is located in Columbia, MD, and the SBA lists its industry as Newspaper Publishers. It was approved for an SBA 7(a) loan of $625,000 for a change of ownership on June 25, 2025.
SBA 7(a) loan, change of ownership, approved Jun 25, 2025
- Gross approval
- $625,000
- SBA-guaranteed amount
- $468,750 (75% of the approval)
- Lender
- Fulton Bank, National Association, Lancaster, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,346 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 513110, Newspaper Publishers
- Project location
- Howard County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Newspaper Publishers: $703,750.
- Average acquisition loan in Maryland: $1,627,337.
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.