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TerraFirma Landscaping LLC

Hoschton, GA · Landscaping Services · NAICS 561730

TerraFirma Landscaping LLC is a landscaping services business in Hoschton, Georgia, classified under NAICS code 561730 (Landscaping Services). The company was financed with an SBA 7(a) loan for a change of ownership of $864,000, approved on April 11, 2024 by United Midwest Savings Bank National Association.

SBA 7(a) loan, change of ownership, approved Apr 11, 2024

$864,000 approvedLender: United Midwest Savings Bank National Association10 years termPaid in fullLoan details
Gross approval
$864,000
SBA-guaranteed amount
$648,000 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
April 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,902 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 15, 2024
Loan status
Paid in full
Jobs supported
23
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Jackson County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia