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Lacey Companies Inc

Saint Paul, MN · Landscaping Services · NAICS 561730

Lacey Companies Inc is a landscaping services business located in Saint Paul, Minnesota, under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.31 million, approved on September 12, 2024, through the lender Banesco USA.

SBA 7(a) loan, change of ownership, approved Sep 12, 2024

$1,310,000 approvedLender: Banesco USA10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,310,000
SBA-guaranteed amount
$982,500 (75% of the approval)
Lender
Banesco USA, Miami, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
September 12, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,231 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
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 56% 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