Virginia Site Concepts, Inc.
Virginia Site Concepts, Inc. is a site preparation contractor in Midlothian, VA, in the site preparation contractors industry (NAICS 238910). The company financed real estate or equipment through an SBA 504 loan of $1,880,000, with an approval date of March 24, 2026, and the lender was Truist Bank through the Business Finance Group, Inc. certified development company.
SBA 504 loan, approved Mar 24, 2026
$1,880,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,880,000
- Bank portion
- $2,198,250
- Estimated project size
- $4,531,389 (estimated)
- Estimated owner equity
- $453,139 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 24, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Chesterfield County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 60% of expansion loans in Site Preparation Contractors on this site.
- Average expansion loan in Site Preparation Contractors: $1,883,067.
- 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
- Brute LLC, Berryville