Borrowing Money for Landscaping Services

With these loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $50,000 was given to a Missouri entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carthage, Missouri was able to borrow $50,000 from Southwest Missouri Bank. The SBA made the loan possible by guaranteeing $25,000 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
CARTHAGE, MO 64836

SBA Loan Lender

SOUTHWEST MISSOURI BANK
300 W 3RD ST
CARTHAGE, MO 64836

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

6/2/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 10 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Southwest Missouri Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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