Nursery and Garden Centers Small Business Loans
Looking for small business loans for nursery and garden centers? An SBA loan may be just what you've been looking for. This $150,000 nursery and garden centers loan was issued by an Iowa bank.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Quad City Bank & Trust, out of Bettendorf, Iowa. The loan was granted and they received $150,000 to help grow their Davenport, Iowa business.
SBA Loan Borrower
COMPANY TYPE: NURSERY AND GARDEN CENTERS
DAVENPORT, IA 52803
SBA Loan Lender
QUAD CITY BANK & TRUST
2118 MIDDLE RD
BETTENDORF, IA 52722
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444220 - Nursery and Garden Centers
Loan Approval Date
4/1/2004
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 50 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Quad City Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
VC Firms on Twitter
Small Bank Loans in Bettendorf, Iowa
Iowa SBA 7A Lenders