Beal Industrial Products Inc.

7513 Connelley Dr, Elkridge, MD 21076 · Industrial Supplies Merchant Wholesalers (NAICS 423840)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

4

Total Amount

$5.4M

Jobs Supported

40

Years Active

2023–2024

Loan History (4)

Source: SBA FOIA
7(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

Other SBA Borrowers in Elkridge

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