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Salsbery Brothers Landscaping, Inc.

Carmel, IN · Landscaping Services · NAICS 561730

Salsbery Brothers Landscaping, Inc. is a landscaping services business located in Carmel, Indiana, classified under NAICS code 561730. It was financed with an SBA 7(a) loan for a change of ownership, with two loans from First Bank Richmond approved on February 13, 2024, totaling $4.5 million in gross loan amounts.

SBA 7(a) loan, change of ownership, approved Feb 13, 2024

$4,000,000 approvedLender: First Bank Richmond10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,000,000
SBA-guaranteed amount
$3,000,000 (75% of the approval)
Lender
First Bank Richmond, Richmond, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
10 years (120 months)
Estimated maturity
February 13, 2034 (estimated, approval date plus term)
Estimated monthly payment
$49,594 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
47
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Hamilton County, IN
SBA district office
Indiana District Office
Congressional district
IN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 95% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Indiana: $1,995,900.

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.

SBA 7(a) loan, change of ownership, approved Feb 13, 2024

$500,000 approvedLender: First Bank Richmond74 months termCommitted, not fully disbursedLoan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
First Bank Richmond, Richmond, IN
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
8.5%, variable
Term
6 years, 2 months (74 months)
Estimated maturity
April 13, 2030 (estimated, approval date plus term)
Estimated monthly payment
$8,705 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
47
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Hamilton County, IN
SBA district office
Indiana District Office
Congressional district
IN-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Indiana: $1,995,900.

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 Indiana