T.E.A.M. Service Corporation of New York
T.E.A.M. Service Corporation of New York, located in Halethorpe, MD, operates in commercial and industrial machinery and equipment repair and maintenance, excluding automotive and electronic equipment. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $965,000, approved on January 28, 2026 by City National Bank.
SBA 7(a) loan, change of ownership, approved Jan 28, 2026
$965,000 approvedLender: City National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $965,000
- SBA-guaranteed amount
- $723,750 (75% of the approval)
- Lender
- City National Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.91%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,662 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Baltimore County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- 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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