Fastsigns of Richmond
Fastsigns of Richmond is a sign manufacturing business located in Midlothian, Virginia, operating as a FASTSIGNS franchise. The company was approved for an SBA 504 loan of $1,368,000 in May 2025, which was financed through Chesapeake Bank with Business Finance Group, Inc. as the certified development company.
SBA 504 loan, approved May 2, 2025
$1,368,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,368,000
- Bank portion
- $1,668,750
- Estimated project size
- $3,374,167 (estimated)
- Estimated owner equity
- $337,417 (estimated, about 10% of the project)
- Bank lender
- Chesapeake Bank, Kilmarnock, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 2, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Franchise
- FASTSIGNS
- Project location
- Chesterfield County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 27% of expansion loans in Sign Manufacturing on this site.
- Average expansion loan in Sign Manufacturing: $2,263,909.
- 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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