Patriot 3 Inc.

11040 Pierson Dr, Fredericksburg, VA 22408 · All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

Total Amount

$31.0M

Jobs Supported

204

Years Active

2007–2024

Loan History (14)

Source: SBA FOIA

7(a)$5,000,000

Exempt

Approved: Apr 26, 2024 (FY2024)
SBA Guaranteed: $4,500,000 (90%)
Term: 24 months (2.0 yrs)
Interest Rate: 10.50%
Revolver: 1
Jobs Supported: 5
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$3,500,000

Paid in Full

Approved: Mar 23, 2021 (FY2021)
SBA Guaranteed: $3,150,000 (90%)
Term: 37 months (3.1 yrs)
Interest Rate: 5.25%
Revolver: 0
Jobs Supported: 5
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Mar 31, 2024

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$3,500,000

Paid in Full

Approved: Mar 13, 2020 (FY2020)
SBA Guaranteed: $3,150,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 6.75%
Revolver: 1
Jobs Supported: 29
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Feb 28, 2021

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$3,500,000

Paid in Full

Approved: Mar 29, 2019 (FY2019)
SBA Guaranteed: $3,150,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 7.50%
Revolver: 1
Jobs Supported: 15
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: May 31, 2020

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$2,500,000

Paid in Full

Approved: Mar 26, 2018 (FY2018)
SBA Guaranteed: $2,250,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 6.55%
Revolver: 1
Jobs Supported: 25
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Feb 28, 2019

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$2,500,000

Paid in Full

Approved: Mar 29, 2017 (FY2017)
SBA Guaranteed: $2,250,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 5.75%
Revolver: 1
Jobs Supported: 25
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: May 31, 2018

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Fredericksburg City County, VA

7(a)$2,500,000

Paid in Full

Approved: Mar 15, 2016 (FY2016)
SBA Guaranteed: $2,250,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 6.55%
Revolver: 1
Jobs Supported: 14
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Jul 31, 2017

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$1,500,000

Paid in Full

Approved: Mar 18, 2015 (FY2015)
SBA Guaranteed: $1,350,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 6.55%
Revolver: 1
Jobs Supported: 14
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: May 31, 2016

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$1,500,000

Paid in Full

Approved: Mar 28, 2014 (FY2014)
SBA Guaranteed: $1,350,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 6.55%
Revolver: 1
Jobs Supported: 14
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Nov 30, 2015

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$1,500,000

Paid in Full

Approved: Mar 28, 2013 (FY2013)
SBA Guaranteed: $1,350,000 (90%)
Term: 12 months (1.0 yrs)
Interest Rate: 5.25%
Revolver: 1
Jobs Supported: 14
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Jun 30, 2014

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$1,200,000

Paid in Full

Approved: Oct 9, 2008 (FY2009)
SBA Guaranteed: $1,080,000 (90%)
Term: 12 months (1.0 yrs)
Revolver: 1
Jobs Supported: 11
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Feb 28, 2009

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$1,500,000

Paid in Full

Approved: Jun 19, 2009 (FY2009)
SBA Guaranteed: $1,350,000 (90%)
Term: 36 months (3.0 yrs)
Interest Rate: 6.55%
Revolver: 0
Jobs Supported: 11
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)
Paid in Full: Jul 31, 2013

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$500,000

Cancelled

Approved: Jun 12, 2008 (FY2008)
SBA Guaranteed: $450,000 (90%)
Term: 12 months (1.0 yrs)
Revolver: 1
Jobs Supported: 11
Business Type: Corporation
Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS 332999)

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

7(a)$300,000

Paid in Full

Approved: Aug 28, 2007 (FY2007)
SBA Guaranteed: $270,000 (90%)
Term: 12 months (1.0 yrs)
Revolver: 1
Jobs Supported: 11
Business Type: Corporation
Industry: Fabricated Structural Metal Manufacturing (NAICS 332312)
Paid in Full: Jan 31, 2009

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

Project Location

Spotsylvania County, VA

Business Details

Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
NAICS Code: 332999 — All Other Miscellaneous Fabricated Metal Product Manufacturing
Address: 11040 Pierson Dr
Fredericksburg, VA 22408

Lender

Atlantic Union Bank

1051 E Cary St, Ste 103, Richmond, VA 23219

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