434 Center, LLC
434 Center, LLC is located in Forest, VA, and the SBA lists its industry as Fitness and Recreational Sports Centers. It was approved for an SBA 504 loan ($2,609,000 SBA portion) on November 20, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 20, 2024
- SBA (CDC) portion
- $2,609,000
- Bank portion
- $3,196,000
- Estimated project size
- $6,450,000 (estimated)
- Estimated owner equity
- $645,000 (estimated, about 10% of the project)
- Bank lender
- The First Bank and Trust Company, Lebanon, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Bedford County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 70% of expansion loans in Fitness and Recreational Sports Centers on this site.
- Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
- Average expansion loan in Virginia: $1,938,955.
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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Same industry in Virginia
- Vonyas, Inc., Vienna
- Skate RVA LLC, Ashland
- JKM Kingstowne Fitness LLC, Alexandria
- Stretch Labs, Virginia Beach
- Mara Group, LLC, Virginia Beach
- Coma, LLC, Alexandria