Raising Money for Landscaping Services
With these bank loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $191,000 was given to an Ohio entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Peninsula, Ohio was able to borrow $191,000 from Firstmerit Bank. The SBA made the loan possible by guaranteeing $143,250 of this Ohio small business loan.
SBA Loan Borrower
COMPANY TYPE: LAWN AND GARDEN SERVICES
PENINSULA, OH 44264
SBA Loan Lender
FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308
This SBA bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.
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
3/29/2000
Loan Approval Gross Amount
$191,000
Loan Approval from the SBA
Of the total $191,000 loan amount, the SBA guaranteed $143,250.
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 44 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Firstmerit Bank and they will explain how you can get an SBA loan for your company.
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:
SBIR Funding
Good Banks for Small Business in Akron, Ohio
Where to Get an SBA Loan Ohio