Cottonwood Lawn and Landscape, Inc.
Cottonwood Lawn and Landscape, Inc. is a landscaping services business in Wichita, Kansas, classified under NAICS 561730. It was financed with an SBA 7(a) loan for a change of ownership of $1,033,000, provided by Simmons Bank with a February 8, 2024 approval date.
SBA 7(a) loan, change of ownership, approved Feb 8, 2024
$1,033,000 approvedLender: Simmons Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,033,000
- SBA-guaranteed amount
- $774,750 (75% of the approval)
- Lender
- Simmons Bank, Pine Bluff, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,939 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Sedgwick County, KS
- SBA district office
- Wichita District Office
- Congressional district
- KS-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Kansas: $1,491,022.
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 Kansas
- Green Expectations Landscaping Company, Inc., Kansas City
- JCS Lawn, LLC, Olathe
- Urban Lawncare of Atchison, LLC, Atchison