Loans for Nursery and Tree Production

Looking for loans for nursery and tree production? An SBA loan may be just what you've been looking for. This $150,000 nursery and tree production loan was issued by a Maryland bank.

Getting a small business loan in Pasadena, Maryland was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Columbia Bank, operating out of Columbia, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND TREE PRODUCTION
PASADENA, MD 21122

SBA Loan Lender

THE COLUMBIA BANK
7168 COLUMBIA GATEWAY DR
COLUMBIA, MD 21046

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111421 - Nursery and Tree Production

Loan Approval Date

1/12/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Columbia Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Understanding Dilution

Banks in Columbia, Maryland

SBA Participating Banks in Maryland