Texas Entrepreneur Secures Financing to Buy Lawn Doctor Franchise

Need a loan to purchase a Lawn Doctor franchise? Gilmer National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lawn Doctor franchise shouldn't be too tough. In 2003, Gilmer National Bank issued an SBA franchise loan to an entrepreneur in Gilmer, Texas. Because Lawn Doctor was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

LAWN DOCTOR OF LONGVIEW-TYLER
GILMER, TX 75644

SBA Loan Lender

GILMER NATIONAL BANK
900 N WOOD ST
GILMER, TX 75644

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

8/5/2003

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Gilmer National Bank 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:

Lawn Doctor

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SBA 7A Lenders in Gilmer, Texas

SBA Texas Lenders