Cardinal Novelty LLC
Cardinal Novelty LLC is located in Rosedale, MD, and the SBA lists its industry as All Other Plastics Product Manufacturing. It was approved for an SBA 7(a) loan of $2,601,000 for a change of ownership on November 13, 2025. This registry lists 2 loans for the company.
SBA 7(a) loan, change of ownership, approved Nov 13, 2025
- Gross approval
- $2,601,000
- SBA-guaranteed amount
- $1,950,750 (75% of the approval)
- Lender
- Happen Bank, Lehi, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $31,902 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 326199, All Other Plastics Product Manufacturing
- Project location
- Baltimore County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in All Other Plastics Product Manufacturing on this site.
- Average acquisition loan in All Other Plastics Product Manufacturing: $2,387,535.
- 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.
SBA 504 loan, approved Sep 23, 2025
- SBA (CDC) portion
- $1,473,000
- Bank portion
- $1,796,250
- Estimated project size
- $3,632,500 (estimated)
- Estimated owner equity
- $363,250 (estimated, about 10% of the project)
- Bank lender
- Happen Bank, Lehi, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 23, 2050 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 424990, Other Miscellaneous Nondurable Goods Merchant Wholesalers
- Project location
- Baltimore County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 34% of expansion loans in Other Miscellaneous Nondurable Goods Merchant Wholesalers on this site.
- Average expansion loan in Other Miscellaneous Nondurable Goods Merchant Wholesalers: $2,330,259.
- Average expansion loan in Maryland: $2,350,795.
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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