Woody's Landcare LLC
Woody's Landcare LLC is a landscaping services business in North Highlands, California (NAICS 561730). It was financed with an SBA 7(a) loan for a change of ownership of $2.565 million, approved on May 1, 2024 by Customers Bank, with 34 jobs reported.
SBA 7(a) loan, change of ownership, approved May 1, 2024
$2,565,000 approvedLender: Customers Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,565,000
- SBA-guaranteed amount
- $1,923,750 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 1, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $33,190 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 561730, Landscaping Services
- Project location
- Sacramento County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Landscaping Services on this site.
- Average acquisition loan in Landscaping Services: $1,520,772.
- Average acquisition loan in California: $1,688,228.
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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