Business Loans for Landscaping Services

Looking for business loans for landscaping services? An SBA loan may be just what you've been looking for. This $40,000 landscaping services loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Bank Blue Earth, out of Blue Earth, Minnesota. The loan was granted and they received $40,000 to help grow their Blue Earth, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
BLUE EARTH, MN 56013

SBA Loan Lender

FIRST BANK BLUE EARTH
306 S MAIN
BLUE EARTH, MN 56013

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. Currently, $100,000 is the maximum loan amount.

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

7/21/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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

Getting an SBA Loan For Your Business

If you are raising money in Blue Earth MN, you ought to talk with a local Blue Earth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blue Earth businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Bank Blue Earth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Credit Evaluation

SBA Approved Banks in Blue Earth, Minnesota

SBA Minnesota Lenders