The Artful Lodger, LLC
The Artful Lodger, LLC is a furniture retailer located in Troy, Virginia, operating in the furniture retailers industry (NAICS 449110). The company was approved for an SBA 504 loan of $1,318,000 through Virginia Federal Credit Union and Rappahannock Economic Development Corporation, with an approval date of December 27, 2024, to finance real estate or equipment through an SBA 504 loan. The loan's listed status is not funded.
SBA 504 loan, approved Dec 27, 2024
$1,318,000 SBA portionCDC: Rappahannock Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,318,000
- Bank portion
- $2,015,000
- Estimated project size
- $3,703,333 (estimated)
- Estimated owner equity
- $370,333 (estimated, about 10% of the project)
- Bank lender
- Virginia Federal Credit Union, Richmond, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 27, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Fluvanna County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-5
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 13% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- 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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