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Nori Landscapes, LLC

Haltom City, TX · Landscaping Services · NAICS 561730

Nori Landscapes, LLC is a landscaping services business located in Haltom City, Texas, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership of $1,347,200, approved on January 25, 2024, by Gulf Coast Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Jan 25, 2024

$1,347,200 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,347,200
SBA-guaranteed amount
$1,010,400 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
January 25, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,368 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
271
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Texas: $1,944,682.

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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