Hopewell Sheet Metal Manufacturing, LLC
Hopewell Sheet Metal Manufacturing, LLC is located in Hagerstown, Maryland, and operates in sheet metal work manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,514,200, approved on September 19, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Sep 19, 2025
$1,514,200 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,514,200
- SBA-guaranteed amount
- $1,135,650 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 19, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,387 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 332322, Sheet Metal Work Manufacturing
- Project location
- Washington County, MD
- SBA district office
- Baltimore 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 36% of acquisition loans in Sheet Metal Work Manufacturing on this site.
- Average acquisition loan in Sheet Metal Work Manufacturing: $2,341,409.
- 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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