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Tommy Pollina Landscape Co.

Mount Prospect, IL · All Other Personal Services · NAICS 812990

Tommy Pollina Landscape Co. is a business located in Mount Prospect, Illinois, classified under the NAICS industry All Other Personal Services. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,705,000, approved on March 21, 2024, by Northbrook Bank & Trust Company, National Association.

SBA 7(a) loan, change of ownership, approved Mar 21, 2024

$1,705,000 approvedLender: Northbrook Bank & Trust Company, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,705,000
SBA-guaranteed amount
$1,278,750 (75% of the approval)
Lender
Northbrook Bank & Trust Company, National Association, Northbrook, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
March 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$20,239 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
812990, All Other Personal Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 67% of acquisition loans in All Other Personal Services on this site.
  • Average acquisition loan in All Other Personal Services: $1,504,156.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois