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Platinum Landscapes

Phoenix, AZ · Landscaping Services · NAICS 561730

Platinum Landscapes is a landscaping services business in Phoenix, Arizona, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,775,000, approved on July 26, 2024 by St. Louis Bank.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

$2,775,000 approvedLender: St. Louis Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,775,000
SBA-guaranteed amount
$2,081,250 (75% of the approval)
Lender
St. Louis Bank, St. Louis, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
July 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$27,701 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
17
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Arizona: $1,690,811.

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 Arizona