Abell Custom Marine LLC
Abell Custom Marine LLC, located in Edgewater, Maryland, is an other personal and household goods repair and maintenance business (NAICS 811490). The company financed real estate or equipment through an SBA 504 loan of $1,442,000 from Burke & Herbert Bank & Trust Company, with 504 Capital Corporation as the certified development company, with an approval date of December 1, 2025.
SBA 504 loan, approved Dec 1, 2025
$1,442,000 SBA portionCDC: 504 Capital Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,442,000
- Bank portion
- $2,000,000
- Estimated project size
- $3,824,444 (estimated)
- Estimated owner equity
- $382,444 (estimated, about 10% of the project)
- Bank lender
- Burke & Herbert Bank & Trust Company, Alexandria, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 1, 2050 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811490, Other Personal and Household Goods Repair and Maintenance
- Project location
- Anne Arundel County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Other Personal and Household Goods Repair and Maintenance: $1,397,500.
- 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.
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