Sunnyside Energy, LLC
Sunnyside Energy, LLC, located in Ridgely, Maryland, operates in the industry of Other Support Activities for Road Transportation (NAICS 488490). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $540,000, with Manufacturers and Traders Trust Company as the lender and approval dated January 24, 2025.
SBA 7(a) loan, change of ownership, approved Jan 24, 2025
$540,000 approvedLender: Manufacturers and Traders Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,840 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 488490, Other Support Activities for Road Transportation
- Project location
- Caroline County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Support Activities for Road Transportation: $1,895,671.
- 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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