Sanctum Storage VA I LP
Sanctum Storage VA I LP is a business in Radford, Virginia, in the lessors of miniwarehouses and self-storage units industry. It was financed with an SBA 7(a) loan for a change of ownership of $4,050,000, approved by Bank Five Nine on January 22, 2025.
SBA 7(a) loan, change of ownership, approved Jan 22, 2025
$4,050,000 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,050,000
- SBA-guaranteed amount
- $3,037,500 (75% of the approval)
- Lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $31,932 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- LLC or partnership
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Radford County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 98% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- 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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