Loan to Buy Lawn Doctor Franchise Issued By Bank Of America

Need a loan to buy a Lawn Doctor franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Lawn Doctor franchise loans are available to Abingdon, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Columbia, South Carolina, issued an SBA franchise loan for a Lawn Doctor franchise in 2000. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

LAWN DOCTOR OF GLEN BURNIE/COL
ABINGDON, MD 21009

SBA Loan Lender

BANK OF AMERICA
121 MOORE-HOPKINS - SC3-250-0
COLUMBIA, SC 29210

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0783 - Ornamental Shrub and Tree Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

11/17/2000

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $25,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Abingdon MD, you ought to talk with a local Abingdon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Abingdon businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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