AJ Residence RVA LLC
AJ Residence RVA LLC is a business in Richmond, Virginia, in the residential intellectual and developmental disability facilities industry (NAICS 623210). The company was financed with an SBA 7(a) loan for a change of ownership of $880,000, approved on May 31, 2025 by Byline Bank.
SBA 7(a) loan, change of ownership, approved May 31, 2025
$880,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $880,000
- SBA-guaranteed amount
- $660,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 31, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,152 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 623210, Residential Intellectual and Developmental Disability Facilities
- Project location
- Henrico County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Residential Intellectual and Developmental Disability Facilities: $2,045,689.
- 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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Same industry in Virginia
- AJ Residence Community Support LLC, Henrico
- Inclusive Care Community, Inc., Midlothian