C&P Landscaping, LLC
C&P Landscaping, LLC, located in Springville, Utah, operates in landscaping services (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on August 2, 2024, by Byline Bank.
SBA 7(a) loan, change of ownership, approved Aug 2, 2024
$500,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 2, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,958 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Utah: $1,761,092.
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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