Houseplant Resource Center LLC
Houseplant Resource Center LLC is a business in Alameda, CA, in the flower, nursery stock, and florists' supplies merchant wholesalers industry (NAICS 424930). The company was financed with an SBA 7(a) loan for a change of ownership of $2.668 million, approved by Live Oak Banking Company on July 19, 2024.
SBA 7(a) loan, change of ownership, approved Jul 19, 2024
$2,668,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,668,000
- SBA-guaranteed amount
- $2,001,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $34,890 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 424930, Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
- 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)
- Average acquisition loan in Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers: $2,120,986.
- 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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Same industry in California
- Kno Materials Inc, Escondido