Cogswell Stone, LLC
Cogswell Stone, LLC is located in Palmyra, VA, and the SBA lists its industry as Cut Stone and Stone Product Manufacturing. It was approved for an SBA 7(a) loan of $1,346,000 for a change of ownership on July 8, 2026.
SBA 7(a) loan, change of ownership, approved Jul 8, 2026
- Gross approval
- $1,346,000
- SBA-guaranteed amount
- $1,009,500 (75% of the approval)
- Lender
- Bank of Clarke, Berryville, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 8, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,417 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 327991, Cut Stone and Stone Product Manufacturing
- Project location
- Fluvanna County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in Cut Stone and Stone Product Manufacturing on this site.
- Average acquisition loan in Cut Stone and Stone Product Manufacturing: $1,615,785.
- Average acquisition loan in Virginia: $1,860,760.
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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