Run to Serve LLC
Run to Serve LLC is located in Virginia Beach, VA, and the SBA lists its industry as Shoe Retailers. It was approved for an SBA 7(a) loan of $672,100 for a change of ownership on September 22, 2025.
SBA 7(a) loan, change of ownership, approved Sep 22, 2025
- Gross approval
- $672,100
- SBA-guaranteed amount
- $504,075 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,605 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 458210, Shoe Retailers
- Franchise
- Fleet Feet Sports
- Project location
- Virginia Beach City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Shoe Retailers on this site.
- Average acquisition loan in Shoe Retailers: $1,132,514.
- 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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