Chapin Residential and Commercial, LLC
Chapin Residential and Commercial, LLC, located in Bowie, Maryland, operates in the Other Building Finishing Contractors industry (NAICS 238390). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $890,000, approved by Beacon Bank and Trust on July 1, 2025.
SBA 7(a) loan, change of ownership, approved Jul 1, 2025
$890,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $890,000
- SBA-guaranteed amount
- $667,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 1, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,639 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 238390, Other Building Finishing Contractors
- Project location
- Prince Georges County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Other Building Finishing Contractors on this site.
- Average acquisition loan in Other Building Finishing Contractors: $1,603,650.
- 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.
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