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Drake Lawn & Pest Control, Inc

Orlando, FL · Landscaping Services · NAICS 561730

Drake Lawn & Pest Control, Inc is a landscaping services business located in Orlando, Florida, classified under NAICS code 561730. The company financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,072,000, approved on September 18, 2024, through SouthState Bank, National Association, with Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Sep 18, 2024

$1,072,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,072,000
Bank portion
$1,350,000
Estimated project size
$2,691,111 (estimated)
Estimated owner equity
$269,111 (estimated, about 10% of the project)
Bank lender
SouthState Bank, National Association, Winter Haven, FL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 18, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Orange County, FL
SBA district office
North Florida District Office
Congressional district
FL-7
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 17% of expansion loans in Landscaping Services on this site.
  • Average expansion loan in Landscaping Services: $1,532,130.
  • Average expansion loan in Florida: $2,058,496.

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 Florida