Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Best Banks for Danville, Kentucky Entrepreneurs

 

 
Loan Census SBA Loan Info

Borrowing Money for Landscaping Services

Looking for loans for landscaping services? Talk to a banker who works with the SBA. This $20,000 landscaping services loan was issued by a Kentucky bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with National City Bank, out of Louisville, Kentucky. The loan was granted and they received $20,000 to help grow their Danville, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
Danville, KY 40422

SBA Loan Lender

NATIONAL CITY BANK
101 S 5TH ST
LOUISVILLE, KY 40202

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

2/7/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $20,000 loan. Remember, if it to be, it is up to me!

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:

Small Business Credit Cards

Best Banks in Louisville, Kentucky

SBA Kentucky Lenders