608 Partners Tree Services LLC
608 Partners Tree Services LLC is located in Seattle, WA, and the SBA lists its industry as Landscaping Services. It was approved for an SBA 7(a) loan of $3,600,000 for a change of ownership on March 19, 2024.
SBA 7(a) loan, change of ownership, approved Mar 19, 2024
- Gross approval
- $3,600,000
- SBA-guaranteed amount
- $2,700,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $47,574 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Washington: $1,784,595.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Washington
- Big Sky Premier Services LLC, Spokane Valley
- Clerici Landscape Management, LLC, Ruston
- Seattle Tree Care, Seattle
- Eastbak Holdings LLC, Ferndale
- Gro, Vancouver