Farlegacy Land, LLC
Farlegacy Land, LLC is located in Reno, NV, and the SBA lists its industry as Flooring Contractors. It was approved for an SBA 504 loan ($2,687,000 SBA portion) on December 7, 2023 to finance real estate or equipment.
SBA 504 loan, approved Dec 7, 2023
- SBA (CDC) portion
- $2,687,000
- Bank portion
- $3,284,000
- Estimated project size
- $6,634,444 (estimated)
- Estimated owner equity
- $663,444 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 7, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Flooring Contractors: $2,143,375.
- Average expansion loan in Nevada: $2,098,935.
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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