Main Street Registry

Great Outdoors Landscaping

Falls Church, VA · Landscaping Services · NAICS 561730

Great Outdoors Landscaping, located in Falls Church, Virginia, operates in the landscaping services industry (NAICS 561730). The business was financed with an SBA 7(a) loan for a change of ownership of $800,000, approved on March 22, 2024, by The Freedom Bank of Virginia.

SBA 7(a) loan, change of ownership, approved Mar 22, 2024

$800,000 approvedLender: The Freedom Bank of Virginia10 years termPaid in fullLoan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (75% of the approval)
Lender
The Freedom Bank of Virginia, Fairfax, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
March 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,462 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 19, 2024
Loan status
Paid in full
Jobs supported
25
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Fairfax County, VA
SBA district office
Washington District Office
Congressional district
VA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 24% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Virginia: $1,860,760.

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 Virginia