Business Loan from Geauga Savings Bank Given to Landscape Counseling And Planning Company

An SBA loan from Geauga Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Newbury, Ohio business owner got a $65,672 loan.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Geauga Savings Bank, out of Newbury, Ohio. The loan was granted and they received $65,672 to help grow their Newbury, Ohio business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPE COUNSELING AND PLANNING
NEWBURY, OH 44065

SBA Loan Lender

GEAUGA SAVINGS BANK
10800 KINSMAN RD
NEWBURY, OH 44065

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0781 - Landscape Counseling and Planning

Loan Approval Date

2/4/2000

Loan Approval Gross Amount

$65,672

Loan Approval from the SBA

Of the total $65,672 loan amount, the SBA guaranteed $52,537.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

Remember, you 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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

The Friends and Family Network

SBA Participating Banks in Newbury, Ohio

Browse All Business Loan Sources for Ohio