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 $85,000 was given to a New Hampshire entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Madbury, New Hampshire was able to borrow $85,000 from The Provident Bank. The SBA made the loan possible by guaranteeing $72,250 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
MADBURY, NH 03820

SBA Loan Lender

THE PROVIDENT BANK
5 MARKET ST
AMESBURY, MA 01913

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

5/5/2004

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Provident Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Provident Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Loan

SBA Banks in Amesbury, Massachusetts

Massachusetts SBA 7A Lenders