NexGen Rebar LLC
NexGen Rebar LLC, located in Harrisonburg, Virginia, operates in fabricated structural metal manufacturing. The company was approved for an SBA 504 loan of $1,997,000 to finance real estate or equipment, with Pendleton Community Bank Inc as the lender and a March 10, 2026 approval date.
SBA 504 loan, approved Mar 10, 2026
$1,997,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,997,000
- Bank portion
- $3,225,000
- Estimated project size
- $5,802,222 (estimated)
- Estimated owner equity
- $580,222 (estimated, about 10% of the project)
- Bank lender
- Pendleton Community Bank Inc, Franklin, WV
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 10, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 332312, Fabricated Structural Metal Manufacturing
- Project location
- Harrisonburg City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-6
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 58% of expansion loans in Fabricated Structural Metal Manufacturing on this site.
- Average expansion loan in Fabricated Structural Metal Manufacturing: $1,964,167.
- 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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