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Lexcut Lawn and Landscaping LLC

Lexington, KY · Landscaping Services · NAICS 561730

Lexcut Lawn and Landscaping LLC is a landscaping services business in Lexington, KY, classified under NAICS 561730. The company was financed with an SBA 7(a) loan for a change of ownership totaling $941,000, approved on March 7, 2024 by First National Bank of Pennsylvania. The loan reports 24 jobs.

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

$941,000 approvedLender: First National Bank of Pennsylvania10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$941,000
SBA-guaranteed amount
$705,750 (75% of the approval)
Lender
First National Bank of Pennsylvania, Greenville, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
March 7, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,697 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Fayette County, KY
SBA district office
Kentucky District Office
Congressional district
KY-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Kentucky: $1,988,993.

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 Kentucky