Everest Metals Industries, Inc.
Everest Metals Industries, Inc., located in Wilmington, Massachusetts, operates in the metal service centers and other metal merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $4,226,000, approved December 8, 2025 by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 8, 2025
$4,226,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,226,000
- SBA-guaranteed amount
- $3,803,400 (90% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $51,273 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423510, Metal Service Centers and Other Metal Merchant Wholesalers
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Service Centers and Other Metal Merchant Wholesalers: $2,208,550.
- Average acquisition loan in Massachusetts: $1,643,977.
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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