Landscaping Services Loans
With these loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $25,000 was given to an Utah entrepreneur in 2006.
Getting a small business loan in Roy, Utah was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Goldenwest Fcu, operating out of Ogden, Utah. Here are the details on this Utah small business loan.
SBA Loan Borrower
COMPANY TYPE: LANDSCAPING SERVICES
ROY, UT 84067
SBA Loan Lender
GOLDENWEST FCU
5025 ADAMS AVE
OGDEN, UT 84403
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561730 - Landscaping Services
Loan Approval Date
3/17/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Goldenwest Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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 Art of Bootstrapping
SBA Participating Banks in Ogden, Utah
Utah SBA 7A Lenders