Nall Tree Service, LLC
Nall Tree Service, LLC is a landscaping services business in Elba, Alabama, classified under NAICS code 561730 (Landscaping Services). The company was financed with an SBA 7(a) loan for a change of ownership of $1.15 million, approved by Live Oak Banking Company on January 8, 2025.
SBA 7(a) loan, change of ownership, approved Jan 8, 2025
$1,153,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,153,000
- SBA-guaranteed amount
- $864,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $14,920 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Coffee County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Alabama: $1,764,717.
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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