Business Loans for Landscaping Services

With these business loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $140,700 was given to an Alabama entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Huntsville, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Rbc Centura Bank, based in Raleigh, North Carolina.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
HUNTSVILLE, AL 35803

SBA Loan Lender

RBC CENTURA BANK
3201 BEECHLEAF CT
RALEIGH, NC 27604

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

8/17/2007

Loan Approval Gross Amount

$140,700

Loan Approval from the SBA

Of the total $140,700 loan amount, the SBA guaranteed $70,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $140,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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