South Pleasantburg Nursery
South Pleasantburg Nursery, located in Greenville, South Carolina, operates in the nursery, garden center, and farm supply retail industry (NAICS 444240). The business was financed with two SBA 7(a) loans for a change of ownership, totaling $1,163,500, approved on April 9, 2024, through Pathward National Association. The loans report 16 jobs.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$651,500 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $651,500
- SBA-guaranteed amount
- $488,625 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,882 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- Average acquisition loan in South Carolina: $1,827,509.
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.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$512,000 approvedLender: Pathward National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $512,000
- SBA-guaranteed amount
- $384,000 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 9, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $4,926 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 7, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 444240, Nursery, Garden Center, and Farm Supply Retailers
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 11% of acquisition loans in Nursery, Garden Center, and Farm Supply Retailers on this site.
- Average acquisition loan in Nursery, Garden Center, and Farm Supply Retailers: $1,340,850.
- Average acquisition loan in South Carolina: $1,827,509.
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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