Hayward, California Business Gets SBA-Guaranteed Funding from Lehman Brothers Bank, Fsb

An SBA loan from Lehman Brothers Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hayward, California business owner got a $1,875,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hayward, California was able to borrow $1,875,000 from Lehman Brothers Bank, Fsb. The SBA made the loan possible by guaranteeing $1,406,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
HAYWARD, CA 94545

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

11/29/2007

Loan Approval Gross Amount

$1,875,000

Loan Approval from the SBA

Of the total $1,875,000 loan amount, the SBA guaranteed $1,406,250.

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 75 employees. The loan application indicated that the loan would help retain 75 existing jobs.

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 $1,875,000 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.

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