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SBA lending record

Modern Environments, Inc.

417 S LYNNHAVEN RD, Virginia Beach, VA 23452 · Furniture Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$420K

Total SBA financing

1

Loan on record

FY2021

On record

3

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$420,000 — FY2021

Gross approval: $420,000
SBA guaranteed: $378,000 (90%)
Status: Delinquent
Rate at approval: 5.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/6/2021
First disbursement: 7/31/2021
Days to fund: 25 days
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Furniture Merchant Wholesalers
NAICS code: 423210
Lender: First National Bank of Pennsylvania
Address: 417 S LYNNHAVEN RD
City: Virginia Beach, 23452
County: Virginia Beach City
SBA district office: RICHMOND DISTRICT OFFICE
Congressional district: 2

The lender

First National Bank of Pennsylvania

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding furniture merchant wholesalers — by location, industry.

SBA lenders in Virginia Lenders for furniture merchant wholesalers Furniture Merchant Wholesalers lenders in Virginia

Similar businesses

Comparable furniture merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Ngala Trading Co LLC

Richmond, VA· ~93 mi

Furniture Merchant Wholesalers

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

OVERGRACE LLC

Newport, NC· ~148 mi

Furniture Merchant Wholesalers

$332K
SBA financing: ≈ $652K–$1.1M
Est. revenue (rough)

DENNIS YANG ALFRED GLOBAL EAST LLC

Stoneville, NC· ~209 mi

Furniture Merchant Wholesalers

$390K
SBA financing: ≈ $765K–$1.3M
Est. revenue (rough)

Red Cloud International LLC

Martinsville, VA· ~205 mi

Furniture Merchant Wholesalers

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

Furniture Market Warehouse

Asheboro, NC· ~221 mi

Furniture Merchant Wholesalers

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Bloom Bay Outdoors, Inc.

Shacklefords, VA· ~61 mi

Furniture Merchant Wholesalers

$1.4M
SBA financing: ≈ $2.8M–$4.6M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Modern Environments, Inc. in Virginia Beach, VA (Furniture Merchant Wholesalers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $420K
On record FY2021
3 jobs supported
Industry: Furniture Merchant Wholesalers
Location: Virginia Beach, VA
Lender: First National Bank of Pennsylvania

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Furniture Merchant Wholesalers businesses in VA for ~$420k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/modern-environments-inc-va
API:: https://www.capbench.com/api/public/businesses/modern-environments-inc-va
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Modern Environments, Inc..

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