W.H. Stovall & Co., LLC
W.H. Stovall & Co., LLC, located in Ashland, Virginia, operates in the glass and glazing contractors industry (NAICS 238150). The company financed real estate or equipment through an SBA 504 loan of $2,083,000 with TowneBank as the lender and 504 Capital Corporation as the certified development company, approved on March 4, 2025.
SBA 504 loan, approved Mar 4, 2025
$2,083,000 SBA portionCDC: 504 Capital Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,083,000
- Bank portion
- $2,576,850
- Estimated project size
- $5,177,611 (estimated)
- Estimated owner equity
- $517,761 (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
- March 4, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 238150, Glass and Glazing Contractors
- Project location
- Hanover County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 90% of expansion loans in Glass and Glazing Contractors on this site.
- Average expansion loan in Glass and Glazing Contractors: $1,442,400.
- 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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