Outdoor Living Services, LLC
Outdoor Living Services, LLC is a site preparation contractor based in Flower Mound, Texas, in the Site Preparation Contractors industry (NAICS 238910). The company was financed with an SBA 7(a) loan for a change of ownership of $2.45 million, approved on June 25, 2024, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jun 25, 2024
$2,450,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,450,000
- SBA-guaranteed amount
- $1,837,500 (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%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $33,749 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 65
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Denton County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Texas: $1,944,682.
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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