Main Street Registry

Greenkeepers Lawn Service & Landscaping, Inc.

Medina, OH · Landscaping Services · NAICS 561730

Greenkeepers Lawn Service & Landscaping, Inc. is a landscaping services business in Medina, Ohio, classified under NAICS code 561730. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $653,000, approved on May 3, 2024 by The Huntington National Bank.

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

$653,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$653,000
SBA-guaranteed amount
$489,750 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
May 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,088 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Medina County, OH
SBA district office
Columbus District Office
Congressional district
OH-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 13% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio