Urban Lawncare of Atchison, LLC
Urban Lawncare of Atchison, LLC is a landscaping services business located in Atchison, Kansas, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership of $725,000, approved on December 6, 2023, by The Union State Bank of Everest, with a reported 15 jobs.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$725,000 approvedLender: The Union State Bank of Everest10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $725,000
- SBA-guaranteed amount
- $543,750 (75% of the approval)
- Lender
- The Union State Bank of Everest, Everest, KS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $8,758 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 29, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Atchison County, KS
- SBA district office
- Kansas City District Office
- Congressional district
- KS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Kansas: $1,491,022.
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 Kansas
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