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Accu Cut Lawn Care and Landscaping LLC

Burlington, NC · Landscaping Services · NAICS 561730

Accu Cut Lawn Care and Landscaping LLC is a landscaping services business in Burlington, NC, operating in the landscaping services industry (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $1.01 million, approved on March 3, 2024 by BayFirst National Bank.

SBA 7(a) loan, change of ownership, approved Mar 3, 2024

$1,010,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,010,000
SBA-guaranteed amount
$757,500 (75% of the approval)
Lender
BayFirst National Bank, Saint Petersburg, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
March 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,056 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Alamance County, NC
SBA district office
North Carolina District Office
Congressional district
NC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 41% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in North Carolina: $1,952,444.

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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Same industry in North Carolina