H S Transport Inc.
H S Transport Inc. is a general freight trucking company in Remington, Virginia, operating in long-distance truckload freight according to its industry classification. The company financed real estate or equipment through an SBA 504 loan of $1,352,000, with Burke & Herbert Bank & Trust Company as the lender and Rappahannock Economic Development Corporation as the certified development company, and the loan was approved on February 15, 2024.
SBA 504 loan, approved Feb 15, 2024
$1,352,000 SBA portionCDC: Rappahannock Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,352,000
- Bank portion
- $1,492,278
- Estimated project size
- $3,160,309 (estimated)
- Estimated owner equity
- $316,031 (estimated, about 10% of the project)
- Bank lender
- Burke & Herbert Bank & Trust Company, Alexandria, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 15, 2049 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- Project location
- Fauquier County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-1
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 14% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
- 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
- Monarch Express, Incorporated, Chesapeake