Loan to Buy Lawn Doctor Franchise Issued By Citizens Bank

Borrowing money to buy a Lawn Doctor franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lawn Doctor franchise is doable. In 2001, Citizens Bank issued an SBA franchise loan to an entrepreneur in Birch Run, Michigan. Because Lawn Doctor was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

LAWN DOCTOR OF SAGINAW-BIRCH R
BIRCH RUN, MI 48415

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

1/8/2001

Loan Approval Gross Amount

$71,211

Loan Approval from the SBA

Of the total $71,211 loan amount, the SBA guaranteed $60,529.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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