Main Street Registry

Shah & Associates, Inc.

Gaithersburg, MD · Engineering Services · NAICS 541330

Shah & Associates, Inc. is an engineering services business in Gaithersburg, Maryland, classified under NAICS 541330 (Engineering Services). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million, approved on March 19, 2024 by Capital One National Association.

SBA 7(a) loan, change of ownership, approved Mar 19, 2024

$5,000,000 approvedLender: Capital One National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Capital One National Association, Mclean, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
5.9%, fixed
Term
10 years (120 months)
Estimated maturity
March 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$55,259 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
541330, Engineering Services
Project location
Montgomery County, MD
SBA district office
Washington District Office
Congressional district
MD-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in Engineering Services on this site.
  • Average acquisition loan in Engineering Services: $1,946,706.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Maryland