Landscaping Services Bank Loans

With these bank loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $100,000 was given to a South Carolina entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Aiken, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First Cit. Bank & Trust Inc, based in Aiken, South Carolina.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL SHRUB AND TREE SERVICES
AIKEN, SC 29803

SBA Loan Lender

FIRST CIT. BANK & TRUST INC
125 PARK AVE SW
AIKEN, SC 29801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

5/16/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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