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PGA Lawn Care, LLC

Charlotte, NC · Landscaping Services · NAICS 561730

PGA Lawn Care, LLC is a landscaping services business located in Charlotte, NC, in the NAICS 561730 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $825,000, approved on August 20, 2024, through First-Citizens Bank & Trust Company.

SBA 7(a) loan, change of ownership, approved Aug 20, 2024

$825,000 approvedLender: First-Citizens Bank & Trust Company119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$825,000
SBA-guaranteed amount
$618,750 (75% of the approval)
Lender
First-Citizens Bank & Trust Company, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
July 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,956 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 27% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina