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May 17, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Green Bay, Business Loans > Associated Bank Green Bay Business Loans > Landscaping Services Loan | ||||
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Raising Money in Hastings, Minnesota With SBA Loans
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Borrowing Money for Landscaping ServicesWith these bank loans for landscaping services, the SBA guarantees the lender that the loan will be repaid. This landscaping services loan for $15,000 was given to a Minnesota entrepreneur in 2008. This small firm knew how to go about getting a business bank loan. Based in Hastings, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Associated Bank, based in Green Bay, Wisconsin. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender ASSOCIATED BANK This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 1/11/2008 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 no employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 7A Banks for Green Bay, Wisconsin Loans
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