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Mountain High Design & Creations LLC

Colorado Springs, CO · Landscaping Services · NAICS 561730

Mountain High Design & Creations LLC is a landscaping services business in Colorado Springs, Colorado, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership totaling $892,000, approved on April 11, 2024, through T Bank, National Association.

SBA 7(a) loan, change of ownership, approved Apr 11, 2024

$892,000 approvedLender: T Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$892,000
SBA-guaranteed amount
$669,000 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
April 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,414 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
El Paso County, CO
SBA district office
Colorado District Office
Congressional district
CO-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 33% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Colorado: $1,608,658.

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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