Tobeyâs Pawn
Tobeys Pawn is a business in Charlottesville, Virginia, in the Used Merchandise Retailers industry (NAICS 459510). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,077,000, approved on February 26, 2025, through TowneBank and Business Finance Group, Inc. as the Certified Development Company.
SBA 504 loan, approved Feb 26, 2025
$1,077,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,077,000
- Bank portion
- $1,312,500
- Estimated project size
- $2,655,000 (estimated)
- Estimated owner equity
- $265,500 (estimated, about 10% of the project)
- Bank lender
- TowneBank, Portsmouth, VA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 26, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 459510, Used Merchandise Retailers
- Project location
- Albemarle County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Used Merchandise Retailers: $1,358,250.
- 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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