Bay Area Sprinkler & Landscape LLC
Bay Area Sprinkler & Landscape LLC is a landscaping services business in Oakland, California (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved by FFB Bank on December 12, 2024, with 7 jobs reported.
SBA 7(a) loan, change of ownership, approved Dec 12, 2024
$750,000 approvedLender: FFB Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (75% of the approval)
- Lender
- FFB Bank, Fresno, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,808 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 20% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in California: $1,688,228.
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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