Vegetation Management Specialist, Inc.
Vegetation Management Specialist, Inc. is a landscaping services business located in Duson, Louisiana, classified under NAICS code 561730. The company was financed with an SBA 7(a) loan for a change of ownership of $1,650,700, approved on December 18, 2024 by Home Bank, National Association.
SBA 7(a) loan, change of ownership, approved Dec 18, 2024
$1,650,700 approvedLender: Home Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,650,700
- SBA-guaranteed amount
- $1,238,025 (75% of the approval)
- Lender
- Home Bank, National Association, Lafayette, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,586 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Lafayette County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in Louisiana: $1,702,056.
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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