SBA Loan from Vantagesouth Bank Helps Landscaping Services Company

An SBA loan from Vantagesouth Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Burlington, North Carolina business owner got a $111,000 loan.

Getting a small business loan in Burlington, North Carolina was an essential business goal for this small business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Vantagesouth Bank, operating out of Burlington, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
BURLINGTON, NC 27215

SBA Loan Lender

VANTAGESOUTH BANK
3725 S CHURCH ST
BURLINGTON, NC 27215

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

1/23/2008

Loan Approval Gross Amount

$111,000

Loan Approval from the SBA

Of the total $111,000 loan amount, the SBA guaranteed $55,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Vantagesouth Bank and they will explain how you can get an SBA loan for your company.

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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