Financing for Landscaping Services
Looking for loans for landscaping services? Try the SBA. This $38,000 landscaping services loan was issued by a Tennessee bank.
Getting a small business loan in Waynesboro, Tennessee was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Wayne County Bank, operating out of Waynesboro, Tennessee. Here are the details on this Tennessee small business loan.
SBA Loan Borrower
COMPANY TYPE: LAWN AND GARDEN SERVICES
WAYNESBORO, TN 38485
SBA Loan Lender
WAYNE COUNTY BANK
216 S HIGH ST
WAYNESBORO, TN 38485
This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring 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
12/19/2001
Loan Approval Gross Amount
$38,000
Loan Approval from the SBA
Of the total $38,000 loan amount, the SBA guaranteed $32,300.
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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wayne County Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Determining Proper Capital Structure for a Business
SBA Banks in Waynesboro, Tennessee
Tennessee SBA 7A Lenders