Lubbock, Texas Lender Lends Money to Lawn And Garden Services Company

Get to know Lubbock, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Security State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Lubbock, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Security State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
LUBBOCK, TX 79407

SBA Loan Lender

SECURITY STATE BANK
7801 QUAKER AVE
LUBBOCK, TX 79424

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

12/7/2006

Loan Approval Gross Amount

$92,900

Loan Approval from the SBA

Of the total $92,900 loan amount, the SBA guaranteed $78,965.

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 documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

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

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Security State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Small Business Banks in Lubbock, Texas

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