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Oak Valley Landscape & Hardscape LLC

Mechanicsville, VA · Landscaping Services · NAICS 561730

Oak Valley Landscape & Hardscape LLC, located in Mechanicsville, Virginia, operates in landscaping services (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $832,500, approved by The Huntington National Bank on May 9, 2024.

SBA 7(a) loan, change of ownership, approved May 9, 2024

$832,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$832,500
SBA-guaranteed amount
$624,375 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
May 9, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,002 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Hanover County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 28% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Virginia: $1,860,760.

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 Virginia