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How to finance a Plato's Closet in Virginia
The SBA 7(a) lenders funding the most Plato's Closet deals in Virginia, from public loan records — typical Plato's Closet loan about $467K. A bank already funding the brand in your state knows it twice over.
Most active with Plato's Closet in Virginia
Ranked by funded Plato's Closet loans in Virginia. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1 loans · $1M · Lincoln, NEFull record →
2+ funded Plato's Closet in Virginia deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- JAZ AND JAG LLC in Roanoke, VA — $2.4M (2023) · purchase · Pinnacle Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 52 days
- Approved
- 4/25/2023
- First disbursed
- 6/16/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 35
- Business age
- Change of Ownership
- Industry
- Clothing and Clothing Accessories Retailers
If you were the buyer here
- Est. deal size
- $2.6M
- Est. down payment (10%)
- $263K
- Est. cash at closing
- $362K
- Monthly payment
- $31,569
- Annual debt service
- $379K
- Cash flow needed (1.25×)
- $474K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Pinnacle Bank · Lender record →
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- CNK Endeavors Incorporated in Bristol, VA — $722K (2023) · The First Bank and Trust Company
- Program
- Preferred Lenders Program
- Rate at approval
- 8% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $541K (75%)
- Approval → funding
- 2 days
- Approved
- 11/21/2022
- First disbursed
- 11/23/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 27
- Business age
- New Business or 2 years or less
- Industry
- Used Merchandise Retailers
Funded by The First Bank and Trust Company
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Buying a Plato's Closet in Virginia? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Plato's Closet loans with a Virginia project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Plato's Closet purchase in Virginia with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Virginia deals. Pinnacle Bank funds the most here. DealRoom is not a lender.
- $467K typical Plato's Closet loan
- 2 lenders active in Virginia
- 2+ funded Virginia deals
- 52 days typical to fund
Buyers buying a Plato's Closet in Virginia typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.