R&R Fabrication Enterprises, LLC
R&R Fabrication Enterprises, LLC is located in Prince Frederick, Maryland, and is classified under NAICS 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing. The company financed real estate or equipment through an SBA 504 loan of $1,610,000, approved on August 1, 2024, with Cross River Bank as the lending bank and Rappahannock Economic Development Corporation as the certified development company.
SBA 504 loan, approved Aug 1, 2024
$1,610,000 SBA portionCDC: Rappahannock Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,610,000
- Bank portion
- $1,969,279
- Estimated project size
- $3,976,977 (estimated)
- Estimated owner equity
- $397,698 (estimated, about 10% of the project)
- Bank lender
- Cross River Bank, Fort Lee, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 1, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 332999, All Other Miscellaneous Fabricated Metal Product Manufacturing
- Project location
- Calvert County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 38% of expansion loans in All Other Miscellaneous Fabricated Metal Product Manufacturing on this site.
- Average expansion loan in All Other Miscellaneous Fabricated Metal Product Manufacturing: $2,573,206.
- Average expansion loan in Maryland: $2,350,795.
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.
Is this your company? Claim or correct this listing. See Corrections.