New England Surface Maintenance LLP
New England Surface Maintenance LLP is located in East Weymouth, MA, in the remediation services industry (NAICS 562910). The company was financed with an SBA 7(a) loan for a change of ownership of $1,785,600, approved on June 20, 2025 by First Bank of Central Ohio.
SBA 7(a) loan, change of ownership, approved Jun 20, 2025
$1,785,600 approvedLender: First Bank of Central Ohio10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,785,600
- SBA-guaranteed amount
- $1,339,200 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $23,105 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- LLC or partnership
- NAICS
- 562910, Remediation Services
- Project location
- Norfolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Remediation Services on this site.
- Average acquisition loan in Remediation Services: $1,662,217.
- Average acquisition loan in Massachusetts: $1,643,977.
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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