Mid Atlantic Fire Restoration
Mid Atlantic Fire Restoration is a residential remodeling business in Edgewood, Maryland, classified under the industry Residential Remodelers (NAICS 236118). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,440,000, approved on May 13, 2025, by Manufacturers and Traders Trust Company.
SBA 7(a) loan, change of ownership, approved May 13, 2025
$1,440,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,440,000
- SBA-guaranteed amount
- $1,080,000 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,633 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Harford County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- 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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