Temple Ridge Enterprises Inc
Temple Ridge Enterprises Inc is located in Severna Park, MD, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 7(a) loan of $944,000 for a change of ownership on September 2, 2025.
SBA 7(a) loan, change of ownership, approved Sep 2, 2025
- Gross approval
- $944,000
- SBA-guaranteed amount
- $708,000 (75% of the approval)
- Lender
- GBank, Las Vegas, NV
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 2, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,345 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Washington County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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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