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Altec Lakes & Natural Areas

Wimauma, FL · Landscaping Services · NAICS 561730

Altec Lakes & Natural Areas, located in Wimauma, Florida, is an SBA-registered business in the landscaping services industry (NAICS 561730). It was financed with an SBA 7(a) loan for a change of ownership totaling $3,816,000, approved on April 29, 2025, through First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Apr 29, 2025

$3,816,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,816,000
SBA-guaranteed amount
$2,862,000 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
April 29, 2035 (estimated, approval date plus term)
Estimated monthly payment
$50,958 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
28
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Hillsborough County, FL
SBA district office
South Florida District Office
Congressional district
FL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 94% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida