S&P Patios & Landscaping Inc.
S&P Patios & Landscaping Inc. is a landscaping services business located in Millersville, Maryland, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership of $613,400, approved on July 1, 2024, by The Bancorp Bank National Association, and the loan reports 16 jobs.
SBA 7(a) loan, change of ownership, approved Jul 1, 2024
$613,400 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $613,400
- SBA-guaranteed amount
- $460,050 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,854 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Anne Arundel County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 10% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Maryland: $1,627,337.
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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