Landscaping Services Small Business Loans
Looking for small business loans for landscaping services? An SBA loan may be just what you've been looking for. This $74,000 landscaping services loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Westminster, Colorado was able to borrow $74,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $37,000 of this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: LANDSCAPING SERVICES
Westminster, CO 80234
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
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
11/19/2004
Loan Approval Gross Amount
$74,000
Loan Approval from the SBA
Of the total $74,000 loan amount, the SBA guaranteed $37,000.
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 5 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Business Cash Advances
SBA Approved Banks in Sacramento, California
SBA Lenders in California