Landscaping Services Small Business Loans

Looking for small business loans for landscaping services? Try the SBA. This $38,500 landscaping services loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Busey Bank, out of Champaign, Illinois. The loan was granted and they received $38,500 to help grow their Cooksville, Illinois business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
COOKSVILLE, IL 61730

SBA Loan Lender

BUSEY BANK
100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . 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.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

2/6/2004

Loan Approval Gross Amount

$38,500

Loan Approval from the SBA

Of the total $38,500 loan amount, the SBA guaranteed $32,725.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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