The Plant People Family LLC
The Plant People Family LLC is a business in Fort Worth, Texas, in the landscape architectural services industry (NAICS 541320). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1 million, approved on December 31, 2024, by The American National Bank of Texas.
SBA 7(a) loan, change of ownership, approved Dec 31, 2024
$1,000,000 approvedLender: The American National Bank of Texas10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- The American National Bank of Texas, Terrell, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,803 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 541320, Landscape Architectural Services
- Project location
- Tarrant County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in Landscape Architectural Services on this site.
- Average acquisition loan in Landscape Architectural Services: $2,243,276.
- 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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