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Schoenbrunn Landscaping Inc

Dover, OH · Landscaping Services · NAICS 561730

Schoenbrunn Landscaping Inc, located in Dover, Ohio, operates in the landscaping services industry (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $538,500, approved on June 4, 2024 by First Commonwealth Bank.

SBA 7(a) loan, change of ownership, approved Jun 4, 2024

$538,500 approvedLender: First Commonwealth Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$538,500
SBA-guaranteed amount
$403,875 (75% of the approval)
Lender
First Commonwealth Bank, Indiana, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
June 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,494 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Tuscarawas County, OH
SBA district office
Columbus District Office
Congressional district
OH-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 5% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio