Moshe Operations and Assets, LLC
Moshe Operations and Assets, LLC, located in Jessup, Maryland, operates in paint and coating manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership totaling $610,000, approved on December 15, 2023, through Meridian Bank.
SBA 7(a) loan, change of ownership, approved Dec 15, 2023
$610,000 approvedLender: Meridian Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $610,000
- SBA-guaranteed amount
- $457,500 (75% of the approval)
- Lender
- Meridian Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 15, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $8,403 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 325510, Paint and Coating Manufacturing
- Project location
- Howard County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Paint and Coating Manufacturing: $1,885,557.
- 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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