Orchard at the Chapel LLC
Orchard at the Chapel LLC is a business located in Tybee Island, Georgia, in the promoters of performing arts, sports, and similar events with facilities industry (NAICS 711310). The company financed real estate or equipment through an SBA 504 loan of $1,209,000 approved on February 12, 2025, with Bank of Newington as the lender and Small Business Assistance Corporation as the certified development company.
SBA 504 loan, approved Feb 12, 2025
$1,209,000 SBA portionCDC: Small Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,209,000
- Bank portion
- $1,434,850
- Estimated project size
- $2,937,611 (estimated)
- Estimated owner equity
- $293,761 (estimated, about 10% of the project)
- Bank lender
- Bank of Newington, Newington, GA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 12, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities
- Project location
- Chatham County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Promoters of Performing Arts, Sports, and Similar Events with Facilities: $1,999,455.
- Average expansion loan in Georgia: $2,201,121.
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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