Darien Lawn & Tree Care, Inc.
Darien Lawn & Tree Care, Inc. is located in Bridgeport, CT, and the SBA lists its industry as Landscaping Services. It was approved for an SBA 7(a) loan of $1,437,000 for a change of ownership on March 20, 2024.
SBA 7(a) loan, change of ownership, approved Mar 20, 2024
- Gross approval
- $1,437,000
- SBA-guaranteed amount
- $1,077,750 (75% of the approval)
- Lender
- 22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $19,999 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Greater Bridgeport County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- The Odd Job Co., Inc., Norwalk
- All Seasons Landscaping, Inc., Cheshire