How to Get a Loan for Landscaping Services

Looking for business loans for landscaping services? Talk to a banker who works with the SBA. This $32,500 landscaping services loan was issued by a Kentucky bank.

This small business knew how to go about getting a business bank loan. Based in Bardstown, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Kentucky Home Bank, Inc., based in Bardstown, Kentucky.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
BARDSTOWN, KY 40004

SBA Loan Lender

KENTUCKY HOME BANK, INC.
940 BLOOMFIELD RD
BARDSTOWN, KY 40004

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

5/15/2001

Loan Approval Gross Amount

$32,500

Loan Approval from the SBA

Of the total $32,500 loan amount, the SBA guaranteed $27,625.

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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kentucky Home Bank, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kentucky Home Bank, Inc. 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.

Related Links:

Financing Your Business

SBA Participating Banks in Bardstown, Kentucky

Getting an SBA Loan in Kentucky