Landscaping Services Small Business Loans

Looking for small business loans for landscaping services? Talk to a banker who works with the SBA. This $22,500 landscaping services loan was issued by a Minnesota bank.

This company knew how to go about getting a business bank loan. Based in Hayfield, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First Farmers & Merchants St., based in Grand Meadow, Minnesota.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
HAYFIELD, MN 55940

SBA Loan Lender

FIRST FARMERS & MERCHANTS ST.
105 N MAIN ST
GRAND MEADOW, MN 55936

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

3/9/2006

Loan Approval Gross Amount

$22,500

Loan Approval from the SBA

Of the total $22,500 loan amount, the SBA guaranteed $19,125.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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