Montgomery Window Products Co.
Montgomery Window Products Co. is a metal window and door manufacturing business in Frederick, Maryland, classified under NAICS code 332321. It was financed with an SBA 7(a) loan for a change of ownership of $796,500, approved by Manufacturers and Traders Trust Company on February 28, 2024.
SBA 7(a) loan, change of ownership, approved Feb 28, 2024
$796,500 approvedLender: Manufacturers and Traders Trust Company126 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $796,500
- SBA-guaranteed amount
- $597,375 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years, 6 months (126 months)
- Estimated maturity
- August 28, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,459 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 332321, Metal Window and Door Manufacturing
- Project location
- Frederick 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)
- Average acquisition loan in Metal Window and Door Manufacturing: $2,173,325.
- 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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