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April 26, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Huntsville, Business Loans > Redstone Fcu Huntsville Business Loans > Landscaping Services Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Small Business Loans for Landscaping ServicesLooking for small business loans for landscaping services? Talk to a banker who works with the SBA. This $35,400 landscaping services loan was issued by an Alabama bank. This small firm knew how to go about getting a business bank loan. Based in Huntsville, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Redstone Fcu, based in Huntsville, Alabama. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender REDSTONE FCU 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 5/31/2006 Loan Approval Gross Amount $35,400 Loan Approval from the SBA Of the total $35,400 loan amount, the SBA guaranteed $17,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Redstone Fcu 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: SBA Banks in Huntsville, Alabama SBA Participating Banks in Alabama
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