McDermott Remediation Co., Inc.
McDermott Remediation Co., Inc. is located in Upper Chichester, Pennsylvania, in the Other Building Equipment Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership of $3,877,000, approved by Beacon Bank and Trust on July 28, 2026.
SBA 7(a) loan, change of ownership, approved Jul 28, 2026
- Gross approval
- $3,877,000
- SBA-guaranteed amount
- $2,907,750 (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
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $49,638 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 238290, Other Building Equipment Contractors
- Project location
- Delaware County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in Other Building Equipment Contractors on this site.
- Average acquisition loan in Other Building Equipment Contractors: $1,823,087.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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