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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Texarkana, Business Loans > Bancorpsouth Bank Texarkana Business Loans > Landscaping Services Loan | ||||
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Business Loans for Texarkana Small Business Owners
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Loans for Landscaping ServicesLooking for loans for landscaping services? The SBA may be the answer. This $150,000 landscaping services loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bancorpsouth Bank, out of Texarkana, Texas. The loan was granted and they received $150,000 to help grow their Texarkana, Texas business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender BANCORPSOUTH BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 4/9/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 20 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: How Much Venture Capital Is There? SBA 7A Banks in Texarkana, Texas
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