Top Cut ACQ LLC
Top Cut ACQ LLC is located in West Olive, MI, and the SBA lists its industry as Landscaping Services. It was approved for an SBA 7(a) loan of $1,152,500 for a change of ownership on December 12, 2024.
SBA 7(a) loan, change of ownership, approved Dec 12, 2024
- Gross approval
- $1,152,500
- SBA-guaranteed amount
- $864,375 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.95%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- December 12, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,632 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 14, 2025
- Loan status
- Paid in full
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Ottawa County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Michigan: $1,645,728.
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 Michigan
- Nn Tree LLC, Troy
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- DeVisser Bros, Inc., Traverse City
- Traverse Outdoor, Inc., Traverse City