Exterminating and Pest Control Services Loans

With these loans for exterminating and pest control services, the SBA guarantees the lender that the loan will be repaid. This exterminating and pest control services loan for $267,700 was given to a Texas entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Schertz, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Compass Bank, based in Birmingham, Alabama.

SBA Loan Borrower

COMPANY TYPE: EXTERMINATING AND PEST CONTROL SERVICES
SCHERTZ, TX 78154

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

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

561710 - Exterminating and Pest Control Services

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$267,700

Loan Approval from the SBA

Of the total $267,700 loan amount, the SBA guaranteed $200,775.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This SBA loan was for $267,700. How would you spend $267,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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