GLAT Holdings, LLC
GLAT Holdings, LLC is an insurance agency or brokerage located in Henrico, Virginia, classified under NAICS code 524210. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,067,000, approved on November 4, 2024, through Chesapeake Bank and the 504 Capital Corporation Certified Development Company.
SBA 504 loan, approved Nov 4, 2024
$1,067,000 SBA portionCDC: 504 Capital Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,067,000
- Bank portion
- $865,000
- Estimated project size
- $2,146,667 (estimated)
- Estimated owner equity
- $214,667 (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
- November 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Henrico County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-7
- Collateral
- Yes
Estimated share of project by source
Bank 40% SBA (CDC) 50% Owner 10%
- Larger than 15% of expansion loans in Insurance Agencies and Brokerages on this site.
- Average expansion loan in Insurance Agencies and Brokerages: $1,924,000.
- 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
- Otis Insurance Solutions LLC, Leesburg