Beal Industrial Products Inc.
7513 Connelley Dr, Elkridge, MD 21076 · Industrial Supplies Merchant Wholesalers (NAICS 423840)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
4
Total Amount
$5.4M
Jobs Supported
40
Years Active
2023–2024
Loan History (4)
Source: SBA FOIA7(a)$500,000
Committed
- Approved
- Nov 4, 2023 (FY2024)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 119 months (9.9 yrs)
- Interest Rate
- 10.50%
- Revolver
- 1
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Industrial Supplies Merchant Wholesalers (NAICS 423840)
Lender
Univest Bank and Trust Co
790 Route 113, Souderton, PA 18964
Project Location
Anne Arundel County, MD
7(a)$2,119,000
Exempt
- Approved
- Nov 4, 2023 (FY2024)
- SBA Guaranteed
- $1,589,250 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 11.25%
- Revolver
- 0
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Change of Ownership
- Industry
- Industrial Supplies Merchant Wholesalers (NAICS 423840)
Lender
Univest Bank and Trust Co
790 Route 113, Souderton, PA 18964
Project Location
Anne Arundel County, MD
7(a)$500,000
Cancelled
- Approved
- Sep 28, 2023 (FY2023)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 10.50%
- Revolver
- 1
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Industrial Supplies Merchant Wholesalers (NAICS 423840)
Lender
Univest Bank and Trust Co
790 Route 113, Souderton, PA 18964
Project Location
Anne Arundel County, MD
7(a)$2,315,000
Cancelled
- Approved
- Sep 27, 2023 (FY2023)
- SBA Guaranteed
- $1,736,250 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 11.25%
- Revolver
- 0
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Change of Ownership
- Industry
- Industrial Supplies Merchant Wholesalers (NAICS 423840)
Lender
Univest Bank and Trust Co
790 Route 113, Souderton, PA 18964
Project Location
Anne Arundel County, MD
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 423840 — Industrial Supplies Merchant Wholesalers
- Address
- 7513 Connelley Dr
Elkridge, MD 21076
Lender
- Univest Bank and Trust Co
- 790 Route 113, Souderton, PA 18964