VWA East Holdings LLC
VWA East Holdings LLC is an industrial supplies merchant wholesaler in Gastonia, North Carolina, classified under NAICS code 423840. The company was approved for an SBA 504 loan of $1,345,000 on October 4, 2023, through Bank of America N.A. and the certified development company Business Expansion Funding Corporation, to finance real estate or equipment. The loan is listed as not funded.
SBA 504 loan, approved Oct 4, 2023
$1,345,000 SBA portionCDC: Business Expansion Funding Corporation20 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,345,000
- Bank portion
- $1,650,000
- Estimated project size
- $3,327,778 (estimated)
- Estimated owner equity
- $332,778 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- October 4, 2043 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Gaston County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Industrial Supplies Merchant Wholesalers: $1,836,800.
- Average expansion loan in North Carolina: $2,167,577.
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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