Commonwealth Glass Services LLC
Commonwealth Glass Services LLC is located in Richmond, VA, and the SBA lists its industry as Glass Product Manufacturing Made of Purchased Glass. It was approved for an SBA 7(a) loan of $1,455,500 for a change of ownership on January 27, 2026.
SBA 7(a) loan, change of ownership, approved Jan 27, 2026
- Gross approval
- $1,455,500
- SBA-guaranteed amount
- $1,091,625 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.15%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $17,775 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 327215, Glass Product Manufacturing Made of Purchased Glass
- Project location
- Richmond City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Glass Product Manufacturing Made of Purchased Glass: $1,577,643.
- 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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