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Rock Creek Landscaping LLC a/k/a Rock Creek Landscaping MD LLC, a DC company

Silver Spring, MD · Landscaping Services · NAICS 561730

Rock Creek Landscaping LLC, located in Silver Spring, Maryland, operates in the landscaping services industry (NAICS 561730). The company was financed with an SBA 7(a) loan for a change of ownership of $525,000, with a 10-year term, approved by Gulf Coast Bank and Trust Company on July 22, 2024, and reported 16 jobs.

SBA 7(a) loan, change of ownership, approved Jul 22, 2024

$525,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$525,000
SBA-guaranteed amount
$393,750 (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
July 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,158 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
561730, Landscaping Services
Project location
Montgomery County, MD
SBA district office
Washington District Office
Congressional district
MD-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 3% of acquisition loans in Landscaping Services on this site.
  • Average acquisition loan in Landscaping Services: $1,520,772.
  • Average acquisition loan in Maryland: $1,627,337.

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 Maryland