Outdoor Lighting of Coastal Virginia LLC
Outdoor Lighting of Coastal Virginia LLC is a landscape architectural services business in Virginia Beach, Virginia, classified under NAICS code 541320. The company was financed with an SBA 7(a) loan for a change of ownership of $567,000, approved on August 28, 2025, through Bank of Oak Ridge, and the loan is associated with a franchise brand, Outdoor Lighting Perspectives.
SBA 7(a) loan, change of ownership, approved Aug 28, 2025
$567,000 approvedLender: Bank of Oak Ridge10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $567,000
- SBA-guaranteed amount
- $425,250 (75% of the approval)
- Lender
- Bank of Oak Ridge, Oak Ridge, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,415 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 541320, Landscape Architectural Services
- Franchise
- Outdoor Lighting Perspectives
- Project location
- Virginia Beach City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Landscape Architectural Services: $2,243,276.
- 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
- Rossen Landscape Contracting L.L.C., Sterling