St. George Lawn Care LLC
St. George Lawn Care LLC is a landscaping services business in Meridian, Idaho, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on March 8, 2024, through Zions Bancorporation, National Association. The loan reported 25 jobs.
SBA 7(a) loan, change of ownership, approved Mar 8, 2024
$500,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,525 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Ada County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Idaho: $1,527,113.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Idaho
- All Seasons Acquisitions Inc., Bellevue
- Artistree Landscaping & Tree Service L.L.C., Meridian