Wake Forest, NC Entrepreneur Gets SBA Loan to Buy Lawn Doctor Franchise

Borrowing money to buy a Lawn Doctor franchise? The Fidelity Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Lawn Doctor franchise? If so, here's a 2000 SBA franchise loan that you should know about. The Fidelity Bank was the lender and the entrepreneur was based in Wake Forest, North Carolina.

SBA Loan Borrower

LAWN DOCTOR
WAKE FOREST, NC 27587

SBA Loan Lender

THE FIDELITY BANK
12201 CAPITAL BLVD
WAKE FOREST, NC 27587

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

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

9/15/2000

Loan Approval Gross Amount

$38,470

Loan Approval from the SBA

Of the total $38,470 loan amount, the SBA guaranteed $30,776.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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