Landscaping Services Business Loans

Looking for business loans for landscaping services? Try the SBA. This $552,500 landscaping services loan was issued by an Illinois bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Lasalle Bank, out of Chicago, Illinois. The loan was granted and they received $552,500 to help grow their Addison, Illinois business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
Addison, IL 60101

SBA Loan Lender

LASALLE BANK
135 S LASALLE ST
CHICAGO, IL 60603

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$552,500

Loan Approval from the SBA

Of the total $552,500 loan amount, the SBA guaranteed $414,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the funding would help create 14 new jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lasalle Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lasalle Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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