---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-001739"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2022-02-16T23:59:59+00:00"
generated_at: "2026-06-27T07:47:44.875366+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Smith-Midland issues $2.8M promissory note at 4.09% for Virginia real estate

## Summary
- $2,805,000 note payable to Summit Community Bank, fixed 4.09% interest rate, 15-year term.
- Monthly principal and interest payments of $20,956; loan matures February 10, 2037.
- Collateralized by first lien on approximately 29.8 acres in Midland, VA acquired earlier.
- Covenants limit annual capital expenditures to $3.5M and require tangible equity of $10.0M.

## SEC filing metadata
- accession: 0001654954-22-001739
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2022-02-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924719/000165495422001739/0001654954-22-001739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495422001739/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-001739
- JSON: https://secwatch.observer/filing/0001654954-22-001739.json
- Plain text: https://secwatch.observer/filing/0001654954-22-001739.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.