Fayetteville, WV Entrepreneur Gets SBA Loan to Buy Spring-Green Lawn Care Franchise

Borrowing money to purchase a Spring-Green Lawn Care franchise? City National Bank - W. Virginia has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Spring-Green Lawn Care franchise? If so, here's a 2000 SBA franchise loan that you should know about. City National Bank - W. Virginia was the lender and the entrepreneur was based in Fayetteville, West Virginia.

SBA Loan Borrower

SPRING GREEN
FAYETTEVILLE, WV 25840

SBA Loan Lender

CITY NATIONAL BANK - W. VIRGINIA
4TH AVE & WASHINGTON
MONTGOMERY, WV 25136

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

1/26/2000

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $25,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Spring-Green Lawn Care franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. City National Bank - W. Virginia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, City National Bank - W. Virginia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Spring-Green Lawn Care Corp.

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Montgomery, West Virginia

Browse All Business Loan Sources for West Virginia