Main Street Registry

Kerkau Investments, LLC

Saint Paul, MN · Landscaping Services · NAICS 561730

Kerkau Investments, LLC is a landscaping services business located in Saint Paul, Minnesota, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership totaling $820,000, approved on November 21, 2023, through Drake Bank.

SBA 7(a) loan, change of ownership, approved Nov 21, 2023

$820,000 approvedLender: Drake Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$820,000
SBA-guaranteed amount
$615,000 (75% of the approval)
Lender
Drake Bank, Saint Paul, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
November 21, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,836 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota