Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Lubbock, Texas and We Got One!

 

 
Loan Census SBA Loan Info

Landscaping Services Business Loans

Looking for business loans for landscaping services? An SBA loan may be just what you've been looking for. This $150,000 landscaping services loan was issued by a Texas bank.

Getting a small business loan in Lubbock, Texas was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from City Bank, operating out of Lubbock, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
LUBBOCK, TX 79424

SBA Loan Lender

CITY BANK
5219 CITY BANK PKWY
LUBBOCK, TX 79407

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

5/17/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Famous Venture Capitalists

Best Banks for Small Business in Lubbock, Texas

Getting an SBA Loan in Texas