Sola Ventures Inc

7344 Edgewood Rd, Bldg 7, 1st, Annapolis, MD 21403 · Commercial and Industrial Machinery and Equipment (except Automotive a (NAICS 811310)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

Total Amount

$2.6M

Jobs Supported

Years Active

2017–2021

Source: SBA FOIA

7(a)$1,800,000

Paid in Full

Approved: Mar 29, 2021 (FY2021)
SBA Guaranteed: $1,620,000 (90%)
Term: 120 months (10.0 yrs)
Interest Rate: 5.50%
Revolver: 0
Jobs Supported: 16
Business Type: Corporation
Business Age: Change of Ownership
Industry: Commercial and Industrial Machinery and Equipment (except Automotive a (NAICS 811310)
Paid in Full: May 31, 2024

Lender

Manufacturers and Traders Trust Company

One M & T Plaza, 15th Fl, Buffalo, NY 14203

Project Location

Anne Arundel County, MD

7(a)$100,000

Paid in Full

Approved: Dec 30, 2016 (FY2017)
SBA Guaranteed: $50,000 (50%)
Term: 95 months (7.9 yrs)
Interest Rate: 5.75%
Revolver: 0
Jobs Supported: 12
Business Type: Corporation
Industry: Commercial and Industrial Machinery and Equipment (except Automotive a (NAICS 811310)
Paid in Full: May 31, 2024

Lender

Manufacturers and Traders Trust Company

One M & T Plaza, 15th Fl, Buffalo, NY 14203

Project Location

Anne Arundel County, MD

7(a)$696,000

Paid in Full

Approved: Dec 30, 2016 (FY2017)
SBA Guaranteed: $522,000 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 5.25%
Revolver: 0
Jobs Supported: 12
Business Type: Corporation
Industry: Commercial and Industrial Machinery and Equipment (except Automotive a (NAICS 811310)
Paid in Full: May 31, 2024

Lender

Manufacturers and Traders Trust Company

One M & T Plaza, 15th Fl, Buffalo, NY 14203

Project Location

Anne Arundel County, MD

Business Type: Corporation
Business Age: Change of Ownership
NAICS Code: 811310 — Commercial and Industrial Machinery and Equipment (except Automotive a
Address: 7344 Edgewood Rd, Bldg 7, 1st
Annapolis, MD 21403

Manufacturers and Traders Trust Company

One M & T Plaza, 15th Fl, Buffalo, NY 14203