The New River Valley Revolving Loan Fund Committee recently approved two loan applications that
were submitted. Each application was evaluated based on the business plan, business and personal
financial information, credit and collateral available. Loan closings were held for both businesses on September 21st.
Dobbins Hollow Horticulture, LLC is vineyard and farm operating in Floyd County. Loan funds were
secured to purchase equipment to increase winemaking production at the site. The business is also
growing other fruits for table wines and ciders. The farm also lends itself to a disc golf course, which
will be added as a new feature. Given Floyd County Tourism’s focus on Agri-tourism business, this
will be great addition to the local and regional offerings.
The Chandlerie, LLC is a candle making and lifestyle business that is expanding from online to a
brick-and-mortar store in downtown Christiansburg. Loan funds were secured to complete interior
renovations to the two-story building to allow for retail sales and candle making in-house. The
business will also offer candle making classes to the public. The retail store will also focus on other
home goods/decor and gifts. This business is complementary to the work of the Town and
Downtown Christiansburg, Inc. which is committed to the growth and success of downtown.
Should you have any questions about the NRV RLF, please contact Joy Rumley at jrumley@nrvrc.org or check out https://www.nrvrc.org/economy and click on the Revolving Loan Fund link.