Grabill Bank SBA Loan to Landscaping Services Company

An SBA loan from Grabill Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fort Wayne, Indiana business owner got a $191,800 loan.

This growing company knew how to go about getting a business bank loan. Based in Fort Wayne, Indiana, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Grabill Bank, based in Grabill, Indiana.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
FORT WAYNE, IN 46815

SBA Loan Lender

GRABILL BANK
13505 MAIN ST
GRABILL, IN 46741

This loan for a small business 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

2/21/2007

Loan Approval Gross Amount

$191,800

Loan Approval from the SBA

Of the total $191,800 loan amount, the SBA guaranteed $95,900.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Grabill 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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