MD Psychiatry & Wellness, LLC
MD Psychiatry & Wellness, LLC is an offices of mental health practitioners (except physicians) business located in Bowie, MD, under NAICS code 621330. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.53 million, with First-Citizens Bank & Trust Company as the lender and an approval date of September 24, 2026.
SBA 7(a) loan, change of ownership, approved Sep 24, 2026
$2,530,000 approvedLender: First-Citizens Bank & Trust Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,530,000
- SBA-guaranteed amount
- $1,897,500 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $31,031 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 621330, Offices of Mental Health Practitioners (except Physicians)
- Project location
- Prince Georges County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Offices of Mental Health Practitioners (except Physicians) on this site.
- Average acquisition loan in Offices of Mental Health Practitioners (except Physicians): $1,394,742.
- 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.